1Q 2015 RAS results

28 April 2015

Ekaterinburg (Ural Federal District, Russia) –IDGC of Urals, OAO (MICEX: MRKU) reports on 1Q 2015 RAS results

Revenues of the Company as of 1Q 2015 totaled RUR 15,209.4 mln (-6.6% on 1Q 2014). 1Q 2015 expenses totaled RUR 14,268.0 mln. (-3.4%). Profit from sales as of 1Q 2015 totaled RUR 726.8 mln. Net profit as of 1Q 2015 totaled RUR 66.0 mln. (-45.0%).

Table 1. Financial results of the Company as of 1Q 2014 and 2015, RUR thous.

 

1Q 2015

1Q 2014

Revenues

15,209,370

16,276,839

transmission

14,951,213

15,775,955

connection

160,303

402,449

other

97,854

98,435

Expenses

(14,267,954)

(14,776,297)

Operating profit

726,839

1,265,017

Operating margin

4.8%

7.8%

Pre-tax profit

120,635

171,194

Net profit

66,016

119,956

Net margin

0.4%

0.7%

For 1Q 2015 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site at “Financial Statements” section.

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