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PJSC “Quadra – Power Generation” Receives RUB 2.3 Bln. of Net Profit for Q1 of This Year

PJSC “Quadra – Power Generation” Receives RUB 2.3 Bln. of Net Profit for Q1 of This Year

“Quadra – Power Generation” has published the financial statements under RAS (Russian Accounting Standards) following its performance in Q1 2018. The company received the net profit of RUB 2.3 bln. for the reporting period against RUB 1.7 bln. of the year 2017.

The net profit grew by RUB 600 mln. as a result of putting the GSU-115 MW of the Dyagilev HPP into operation. Besides, the financial indices grew thanks to the optimization of the structure of costs and operating expenses.

Besides, the Company increased the total amount of revenues against Q1 2017. Their amounts from January to March of this year are RUB 19.2 bln. (in 2017 – RUB 18.2 bln).

The amount of revenues grew as a result of commissioning of GSU (gas steam unit) of the Dyagilev HPP, as well as growth of demand for the company’s thermal power: electricity (capacity) for the amount of RUB 7.8 bln. was sold for the 1st quarter of the current year (against RUB 7.7 bln. in 2017). The amounts of financial funds obtained as a result of sales of thermal power from January to March equaled RUB 11.1 bln. (in 2017 – RUB 10.2 bln).