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PJSC «Quadra — Power Generation» Publishes 2017 Financial Results under RAS

PJSC «Quadra — Power Generation» has published the annual accounting (financial) statements (RAS (Russian Accounting Standards)). For the year 2017, the revenue grew 4% against the year 2016 (RUB 49.3 bln.) and equaled RUB 51.3 bln.

The company more than doubled the sales profit. Following the year 2017 performance, it is RUB 4.6 bln. against RUB 2.2 bln. (the year 2016).
As a result of its performance, the company is out of the red: it received the net profit of RUB 602 mln. In 2016, the net loss of PJSC «Quadra — Power Generation» was RUB 1.5 bln.

«The growth of financial indices is mainly due to the increase in the amount of the energy supplied to the WMEC (wholesale market for electricity and capacity) after putting into operation GSU-115 MW (gas steam unit) at the Dyagilev HPP (heat power plant),» Semyon Sazonov, General Director of PJSC «Quadra — Power Generation» said. «At the same time, in 2017, „Quadra“ fulfilled the investment and repairs programs in the regions completely,» he added.

The total assets of PJSC «Quadra — Power Generation» remained at the year 2016 level and are RUB 77.4 bln as at 31 December 2017 (RUB 77.8 bln as at the end of the year 2016).