Unipro Publishes Accounting Statements Prepared According to RAS for Q1 2019.

Unipro PJSC publishes the accounting statements prepared in accordance with the Russian Accounting Standards (RAS) for January–March 2019.

In Q1 of this year, the revenue of Unipro PJSC remained in line with positive dynamics of Q4 2018, increased by 11% compared to the same period of 2018, and reached 23,7 billion roubles.

The financial results were influenced by the following factors:

– increase in power generation at Surgutskaya GRES-2 thanks to demand rise and full operational performance of Power Unit 7 (CCGT-400) that was under its major overhaulover February–March last year,

–power generation increase at Berezovskaya GRES resulted by a higher load factor from the System Operator,

– day ahead market price growth was affected by gas prices indexation in August 2018,

– energy consumption growth in the first pricing zone,

– absence of the power import from Kazakhstan,

– decrease in the amount of the transmission restraints in Urals. 

Cost of sales growth is primarily determined by fuel expenses growth because of the increase in power generation.

The net profit in Q1 2019 amounted to 6,3 billion roubles (+20% compared to the same period of 2018).

Unipro PJSC financial results for January–March of 2019 (thousand roubles)