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2018 Year-End Results Show “Quadra – Power Generation’s” Growth of Net Profit by 60%

2018 Year-End Results Show “Quadra – Power Generation’s” Growth of Net Profit by 60%

The company “Quadra – Power Generation” has summed up its financial results for the year 2018 in accordance with Russian Accounting Standards (RAS).

PJSC “Quadra – Power Generation’s” revenues for the reporting period have grown 3.8 % year-on-year (2017: RUB 51.39 bn) and have equaled RUB 53.36 bn. The sales profit has been RUB 6.92 bn, which almost 50% exceeds the value of the year 2017 (RUB 4.68 bn).

The Company’s net profit has been RUB 969 m, which exceeds the last-year level by 60% (RUB 602 m).

The positive trend in the indices is explained by the growth in the revenues from the sale of thermal energy in the regions, increase in the efficiency of the operational and investment activities, as well as optimization of the costs structure.