UniPro's underlying net profit (adjusted for losses from impairment of fixed assets and other one-off expenses) for the first half of 2020 dropped by 26.1% to RUB 8.203 billion from RUB 11.102 billion a year earlier, the company reported.
Revenue decreased by 12.1% to RUB 37.552 billion from RUB 42.716 billion, EBITDA by 20.9% to RUB 13.045 billion from RUB 16.5 billion.
Unipro PJSC (previous names: JSC E.ON Russia, OGK-4, tax number: 8602067092) was registered on March 4, 2005 in Surgut. The company operates five thermal power plants with a total capacity of 11.1 GW: Surgutskaya GRES-2 (5,597 MW), Berezovskaya GRES (2,400 MW), Shaturskaya GRES (1,493 MW), Smolenskaya GRES (630 MW) and Yaivinskaya GRES (1,025 MW). The company's authorized capital is RUB 25.219 billion, the face value of one share being RUB 0.4. Unoper SE (Germany) owns 83.73% of Unipro's shares.
IFRS underlying net profit of UniPro for 2019 increased by 9.3% to RUB 19.695 billion from RUB 18.02 billion a year earlier. Revenue increased by 3.2% to RUB 80.28 billion from RUB77.777 billion, EBITDA by 6% to RUB 29.605 billion from RUB 27.925 billion.
RAS net profit of Unipro PJSC for 2019 decreased by 1.4% to RUB 18.612 billion from RUB 18.873 billion a year earlier. Revenue increased by 4.2% to RUB 84.761 billion from RUB81.315 billion. The higher revenue is mainly attributable to an increase in electricity prices on the day-ahead market. Profit before tax increased by 0.7% to RUB 23.181 billion from RUB 23.015 billion.