E.ON Russia publishes accounting statements prepared according to the Russian Accounting Standards (RAS) for the first six months of 2015.
The Company’s revenue for the reference period totaled RUB 36.7 bln, which is 8.8% less than the analogous indicators of 2014. Reduction in revenue is due to reduction in electrical power generation in the reference period, as well as to shortfalls in capacity payments due to maintenance works at Surgutskaya GRES-2.
Reduction in costs of sales is due to decrease in electrical power generation and cut-down in fuel expenses. The indicator was also affected by the increase in maintenance works costs.
As the result, net profit decreased by 21% (compared to the first six months of 2014).
Financial performance of E.ON Russia JSC for H1 2015 (RUB thousand)
|
H1 2015 |
H1 2014 |
|
Dynamics |
|
|
Revenue |
36,704,096 |
40,254,055 |
|
- 8,8% |
|
Cost of sales |
28,830,144 |
30,303,158 |
|
- 4,9% |
|
Profit before tax |
8,807,561 |
10,807,159 |
|
- 18,5% |
|
Net profit |
6,981,254 |
8,841,997 |
|
- 21,0% |