RusHydro's RAS net profit for the first 9 months of 2020 increased by 29% year-on-year to RUB 42.7 billion, the company informed.
The company's revenue for 9M20 amounted to RUB 104.9 billion, which is 17% above the result achieved in 9M19. Gross profit increased by 28% to RUB 59.2 billion. Pre-tax profit amounted to RUB 54.5 billion against RUB 43.9 billion for the same period in 2019 (+10.1%year-on-year).
EBITDA advanced by 23% to RUB 72.4 billion, a historic high for the company for the reporting period.
PJSC Federal Hydro-Generating Company – RusHydro (tax number: 2460066195) unites 90 renewable power generation facilities in Russia and abroad, heat power plants and grid assets in the Far East, as well as power supply companies, research and development institutes. The company also holds 90% of the shares in International Energy Corporation CJSC. The installed capacity of the company's assets reaches 39 GW.
The company's authorized capital is RUB 426.289 billion. As of March 31, 2020, the Russian Federation owned 61.2%, VTB 13.1%, Avitrans LLC 5.9%, other shareholders 19.8% of RusHydro. The free float calculated and published by PJSC Moscow Exchange according to its own calculation methodology was 19%.
IFRS net profit of RusHydro for 2019 dropped 49.5 times to RUB 643 million from RUB 31.837 billion a year earlier. EBITDA amounted to RUB 97.5 billion, adjusted net profit reached RUB 51.6 billion. Revenue totaled RUB406.6 billion increasing by 1.6% YoY. Total assets reached RUB 925.1 billion.
RAS net profit of PJSC RusHydro for Q1 2020 increased by 14% year-on-year to RUB 14.3 billion. EBITDA increased by 25% to RUB 24.4 billion. Revenue amounted to RUB 34.7 billion (+19% YoY).
