OREANDA-NEWS. OREANDA-NEWS. September 3, 2009. JSC “OGK-6” (MICEX - OGK6; RTS – OGKF) reported its Unaudited Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS) for first three and six months of 2009.

The company revenues in the first six months of 2009 stayed at the same level of 20,4 bln rubles as in the last year. The reduction in operating expenses amounted to 16%. Net profit has reached 2.7 bln rubles compared to 56 mln rubles in the same period last year.  

Key Performance indicators

 

Period

Change

y.o.y. (%)

Period

Change y.o.y.

(%)

Financial performance indicators (thousand rubles)

Three months ended March 31, 2009

Three months ended March 31, 2008

 

Six months ended June 30, 2009

Six months ended June 30, 2008

 

Revenues

11,095,069

11,429,975

-3%

20,446,976

20,362,382

0%

Operating expenses

(8,901,833)

(11,209,116)

-21%

(17,350,480)

(21,008,027)

-17%

Other (expenses)/income

26,211

34,650

-24%

40,288

(25,486)

258%

Operating (loss)/profit

2,219,447

255,509

769%

3,136,784

(671,131)

561%

Finance income

125,776

326,648

-61%

241,722

564,843

-57%

Finance expenses

(53,511)

(94,125)

-43%

(107,617)

(157,521)

-32%

(Loss)/profit before income tax

2,291,712

488,032

370%

3,270,889

(263,809)

1 340%

Income tax benefit/(expense)

(387,627)

(158,602)

344%

(603,920)

319,665

-289%

(Loss)/profit for the period

1,904,085

329,430

478%

2,666,969

55,856

4674%

(Loss)/earnings per ordinary share - basic and diluted (in Russian Roubles)

0.0590

0.0102

478%

0.0826

0.0017

4759%

Production indicators

 

 

 

 

 

 

Electricity production, mln.kWh

7,576,978

10,674,085

-29%

13,116,995

18,687,374

-30%

Heat production, Gcal

1,561,659

1,573,,892

-1%

2,388,989

2,428,294

-2%

Capacity Factor

38,8%

54%

-29%

33.4%

47.5%

-30%

Major Operating Expenses (thousand rubles)

 

Three months ended March 31, 2009

Change

y.o.y

%

Six months ended June 30, 2009

Change

y.o.y

%

Fuel expenses

4,729,732

-27%

8,377,787

-27%

Purchased heat and electricity

1,264,750

-12%

2,528,844

2%

Employee benefit expenses and payroll taxes

866,498

16%

1,739,423

-1%

Depreciation charge

424,969

-40%

896,422

-36%

Repairs and maintenance

234,832

3%

688,350

-9%

Other materials

282,647

69%

846,775

21%

Water usage expenses

169,495

-28%

372,619

-21%

Energy market infrastructure cost

187,803

15%

374,145

15%

Taxes

138,090

221%

267,705

24%