TGC-1 published its 3 months 2017 financial statements under the Russian Accounting Standards (RAS).

_{* EBITDA = profit before tax – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.}

The Company's revenue for 3 months of 2017 increased by 3.5% YOY and comprised RUB 24,660.7 mln. Revenue growth was driven by the growth in estimated price for CDA facilities.

Production cost increased by 5.1% to RUB 19,920.7 mln, also due the to an increase in heat transmission.

Gross profit of TGC-1 for 3 months of 2017 comprised RUB 4,740.0 mln, having decreased by 2.8% compared to Q1 of the previous year.

EBITDA increased by 12.0% and comprised RUB 7,087.9 mln. Net profit for the reporting period increased by 14.5% YOY and comprised RUB 3,726.4 mln.

To find out more about the financial performance of TGC-1 in the 3M 2017, please visit the Reportssection at the corporate website.

About

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 53 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.95 GW and heating capacity of 14,53 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %) and Fortum Power and Heat Oy (29.45 %). Total headcount of the Company, including subsidiaries, totals circa 7 thousand.