9M 2017 RAS results

31 October 2017

Yekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports its 9M 2017 RAS results

9M 2017 revenues totaled RUB 51,529.9 million (+RUB 4,890.7 million or 10.5%YoY), the increase being impacted by grown revenues from electricity transmission due to net supply surplus, changes in consumer structure and increased YoY tariff.
9M 2017 expenses (plus administrative costs) amounted to RUB 46,532.7 million (+ RUB 2,823.9 million or 6.5% YoY), the rise being affected by grown expenses on loss compensations as well as increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 4,880.9 million (+ RUB 2,563.3 million YoY).
9M 2017 net income of the Company reached RUB 3,840.2 million (+ RUB 1,983.1 million YoY), the rise influenced by increased revenues from electricity transmission.

Table 1. 9M 2016 and 2017 highlights of the Company, RUB thousand.

Item

9M 2017

9M 2016

Total revenues

51,529,919

46,639,176

Total expenses (plus administrative costs)

46,352,650

43,528,792

Sales profit

5,177,269

3,110,384

Operating margin

10.0%

6.7%

Pre-tax profit

4,880,888

2,317,548

Net income

3,840,198

1,857,087

Net margin

7.5%

4.0%

To view 9M 2017 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

Similar news

Resolutions of the Board meeting conducted Sep.05 and 08, 2017

6M 2017 IFRS results

1H 2017 RAS results

Resolutions of the Board meeting conducted Jun. 02, 2017

3M 2017 IFRS results

Up