1Q 2017 RAS results

28 April 2017

1Q 2017 revenues totaled RUB 18,682.3 million (+RUB 2,081.3 million or 12.5%YoY), the increase being impacted by revenues from electricity transmission.
1Q 2017 expenses (plus administrative costs) amounted to RUB 16,873.4 million (+ RUB 981.2 million or 6.2% YoY), the rise being affected by expenses on loss compensations due to grown average non-regulated price as well increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 1,206.6 million (+ RUB 284.1 million YoY).
1Q 2017 net income of the Company reached RUB 939.7 million (+ RUB 204.3 million YoY), the rise influenced by increased revenues from electricity transmission.
Table 1. 1Q 2016 and 2017 highlights of the Company, RUB thousand.

Item

1Q 2017

1Q 2016

Total revenues

18,682,341

16,601,069

Total expenses (plus administrative costs)

16,873,373

15,892,135

Sales profit

1,808,968

708,934

Operating margin

9.7%

4.3%

Pre-tax profit

1,206,557

922,423

Net income

939,678

735,404

Net margin

5.0%

4.4%

To view 1Q 2017 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

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