6M 2016 RAS results

28 July 2016

Ekaterinburg (Ural Federal District, Russia) –IDGC of Urals, OAO (MICEX: MRKU) reports on 6M 2016 RAS results

6M 2016 revenues of the Company totaled RUB 31 118.4 million (+9.2% on 6M 2015). 6M 2016 expenses totaled RUB 28 871.1 million (+9.0%). Operating profit totaled RUB 1 755.2 million. Net profit totaled RUB 1 215.7 million.

Table 1. Financial results of the Company as of 6M 2015 and 2016, RUB thous.

 

6M 2016

6M 2015

Revenues

31,118,365

28,499,803

transmission

30,463,067

27,826,317

connection

450,685

443,075

other

204,613

230,411

Expenses

28,871,143

26,482,395

Administrative costs

491,984

453,704

Operating profit

1,755,238

1,563,704

Operating margin

5.6%

5.5%

Pre-tax profit

1,486,139

598,113

Net profit

1,215,658

404,350

Net margin

3.9%

1.4%

To view 6M 2016 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

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