1H 2017 RAS results

31 July 2017

1H 2017 revenues totaled RUB 34,859.1 million (+RUB 3,740.8 million or 12.0%YoY), the increase being impacted by revenues from electricity transmission.
1H 2017 expenses (plus administrative costs) amounted to RUB 31,556.7 million (+ RUB 2,203.5 million or 7.5% YoY), the rise being affected by expenses on loss compensations as well increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 3,831.4 million (+ RUB 2,345.3 million YoY).
1H 2017 net income of the Company reached RUB 3,012.5 million (+ RUB 1,796.8 million YoY), the rise influenced by increased revenues from electricity transmission.

Table 1. 1H 2016 and 2017 highlights of the Company, RUB thousand.

Item

1H 2017

1H 2016

Total revenues

34,859,125

31,118,365

Total expenses (plus administrative costs)

31,566,661

29,363,127

Sales profit

3,292,465

1,755,238

Operating margin

9.4%

5.6%

Pre-tax profit

3,831,426

1,486,139

Net income

3,012,486

1,215,658

Net margin

8.6%

3.9%

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

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