Enel Russia's loss under IFRS for the first half of the year amounted to 8.57 billion rubles

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AK&M 29 September 2022 17:11

Enel Russia's loss under IFRS for the first half of 2022 amounted to 8.57 billion rubles against a profit of 2.02 billion rubles a year earlier. Net profit from ordinary activities (adjusted for the amount of impairment losses from fixed assets and other non-current assets) decreased by 3% to RUB 1.96 billion. This was announced by the company.

Revenue increased by 14.1% to RUB 24.6 billion from RUB 21.59 billion, EBITDA increased by 32.9% to RUB 5.26 billion from RUB 3.96 billion.

PJSC Enel Russia is a Russian generating company. The production branches of Enel Russia are three gas stations: Konakovskaya GRES, Nevinnomysskaya GRES and Sredneuralskaya GRES. The total installed capacity of the Company is 5739.9 MW for electricity generation and 1927 Gcal/h for heat generation.

The company was registered in Yekaterinburg in 2004 under the name of OGK-5 OJSC. In 2009, the Company was renamed JSC "Enel OGK-5", and in 2014 - JSC "Enel Russia". In 2015, the company changed its organizational and legal form and was renamed PJSC Enel Russia.

The authorized capital of PJSC Enel Russia is RUB 35.37 billion and is divided into ordinary shares with a par value of RUB 1. The share of Enel SpA in the authorized capital of the company is 56.43%, UROC Limited – 7.4%, PPIT–7 LLC - 5.54%, the share of other minority shareholders – 30.63%. Enel Russia shares are included in the first-level quotation list of PJSC Moscow Exchange.