According
to the prepared in accordance with the Russian Accounting Standards
statements for 6 months of 2024, revenue of Rosseti Centre and Volga
region, PJSC (the ticker – MRKP) was 66 650,4 mln RUB, including
from electric energy transmission – 63 792,9 mln RUB, from grid
connections – 1 940,8 mln RUB and other revenue – 916,7 mln
RUB. Sales profit1 was 11 772,9 mln RUB. Earnings
before interest, taxes, depreciation and amortization (EBITDA2)
increased by 15,5% up to 21 616,5 mln RUB. Net profit increased
by 7,0% up to 9 490 mln RUB.
Data
in million RUB, unless specified otherwise
Indicators
|
6M
2024
|
6M
2023
|
Change
|
Revenue
|
66
650,4
|
63
170,2
|
5,5%
|
Cost
of sales
|
54
509,2
|
50
407,7
|
8,1%
|
Sales
profit1
|
11
772,9
|
12
410,2
|
-5,1%
|
Sales
profit margin, %
|
17,7%
|
19,6%
|
-1,9
p.p.
|
EBITDA2
|
21
616,5
|
18
717,9
|
15,5%
|
EBITDA
margin, %
|
32,4%
|
29,6%
|
2,8
p.p.
|
Net
profit
|
9
490,0
|
8
870,6
|
7,0%
|
Net
profit margin, %
|
14,2%
|
14,0%
|
0,2
p.p.
|
Amount
of electric energy transmitted3, million kWh
|
26
395,3
|
25
183,3
|
4,8%
|
Electric
energy losses, %
|
7,00%
|
7,02%
|
-0,02
p.p.
|
Indicators
|
As
of 30.06.2024
|
As
of 31.12.2023
|
Change
|
Total
assets
|
188
880,9
|
181
391,7
|
4,1%
|
Net
assets
|
104
974,7
|
100
215,4
|
4,7%
|
Net
debt4
|
3
931,2
|
13
651,2
|
-71,2%
|
[1] Revenue
net of cost of sales, selling and administrative expenses
[2] EBITDA
is calculated as follows: Profit before tax + Interest payable +
Depreciation
[3] Taking
into account the generator voltage
[4] Net
debt is calculated as follows: long-term borrowed funds +
short-term borrowed funds – cash and cash equivalents –
short-term financial investments
|
The
volume of electricity transmission services3 compared to
the same period last year increased by 4,8% and amounted to 26 395,3
million kWh. The reason for the increase was ambient temperature
fluctuations relative to the same period last year, as well as an
increase in power consumption for a number of industrial consumers.
Thanks to the implementation of a set of organizational and
technological measures in the Company, the level of electricity
losses has been reduced from 7,02% to 7,00% (by 0,02 p.p.).
Due
to the growth in electricity consumption in the regions of presence,
the revenue from electricity transmission services increased by 5% up
to 63 792,9 mln RUB. The growth in the revenue from grid
connection was 36,3%, which is associated with the execution of large
grid connection contracts in the Vladimir, Nizhny Novgorod and Ryazan
regions, as well as with an increase in revenue in categories of
applicants up to 150 kW. The other revenue decreased by 9,4% due to
completion of work under large projects in the Ryazan and Kaluga
regions in the first half of 2023.
The
cost of sales for 6 months of 2024 increased by 8,1% relative to the
same period last year and amounted to 54 509,2 mln RUB, which is
due to an increase in uncontrolled costs, depreciation and
inflationary growth in operating costs.
The
EBITDA2 increased relative to the same period last year
and amounted to 21 616,5 mln RUB, at the same time the EBITDA
margin was 32,4% (an increase by
2,8 p.p.). The
net profit margin increased to 14,2%, and the net profit grew up to 9
490 mln RUB.
The
Company’s total assets as of 30 June 2024 were 188 880,9 mln
RUB (an increase by 4,1%
compared to 31 December 2023). The Company’s net assets
grew
up by 4,7% and reached 104 974,7 mln RUB. The net debt4
decreased by 71,2% in connection with the repayment of overdue
accounts receivable of TNS Energo Group and the
growth
in the volume of
services
rendered for the transmission of electricity and amounted to 3 931,2
mln RUB.
The
Company’s statements for 6 months of 2024 can be found at:
https://www.mrsk-cp.ru/en/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/ras-accounting-statements/
|
