RusHydro's net profit under IFRS for the first quarter increased by 38.1%

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AK&M 30 May 2023 16:15

RusHydro's net profit under IFRS for the first quarter of 2023 increased by 38.1% to RUB 27.3 billion. compared to a year earlier. Revenue, taking into account government subsidies, increased by 20.9% to RUB 156.8 billion, EBITDA – by 21.6% to RUB 43.3 billion. This is stated in the company's message.

The book value of assets as of March 31, 2023 increased by 6.5% to 1058 billion rubles. compared to the indicator at the beginning of the year, mainly as a result of an increase in the cost of fixed assets in connection with the implementation of the Group's investment program.

PJSC "Federal Hydrogenerating Company - RusHydro" (TIN 2460066195) - unites renewable energy facilities in Russia and abroad, thermal power plants and electric grid assets in the Far East, as well as energy marketing companies and research and design institutes. As of June 30, 2022, the company's shareholders are: RF (61.73%), VTB (12.52%), other persons (25.75%). The share of free-float shares calculated and published by PJSC Moscow Exchange according to its methodology is 24%.

RusHydro's net profit under IFRS for 2022 decreased by 54.1% to RUB 19.3 billion. compared to a year earlier. Revenue, including government subsidies, increased by 1.8% to 468.5 billion rubles. EBITDA fell by 25% to 91.6 billion rubles.

RusHydro's RAS net profit for the first quarter of 2023 increased by 2% to RUB 17.6 billion. compared to a year earlier. The cost of sales increased by 18% to RUB 18.8 billion. EBITDA increased by 8% to RUB 29.5 billion.