IDGC of Urals reports 1H 2016 IFRS results

26 August 2016

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals (MICEX: MRKU) reports 1H 2016 results prepared under International Financial Reporting Standards (IFRS).

Revenue of the Company in 1H 2016 stands at RUB 35,466.6 mn (+7.3% YoY). 1H 2016 operating expenses reached RUB 34,533.7 mn (+4.9% YoY).
Result from operating activities for the period totaled 1,446.5 mn (in 1H 2015 RUB 1,046.3 mn). Profit before income tax stands at RUB 980.1 mn. Profit for the period reached RUB 873.0 mn and total comprehensive income for the period totaled RUB 714.3 mn.

Table 1. Financial Highlights of IDGC of Urals (OAO) as of 1H 2015 and 2016, RUB thous.

 

1H 2016

1H 2015

Revenue

35,466,572

33,060,024

Operating expenses

(34,533,682)

(32,932,795)

Result from operating activities

1,446,544

1,046,260

Profit before income tax

980,116

710,385

Profit for the period

873,006

484,955

Total comprehensive income for the period

714,317

495,122

Please, visit “Financial Information” section of the official web-site to review our 1H 2016 IFRS financial statements.

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