“Quadra – Power Generation” Publishes Financial Statements under RAS Following Performance in 1H 2021
“Quadra – Power Generation” has published the financial statements under RAS (Russian Accounting Statements) based on the performance in the first half of the year 2021. During the reporting period, the company increased its net profit up to RUB 3.75 bn.
The total revenue of PJSC “Quadra – Power Generation” in the first half of 2021 amounted to RUB 32.79 bn (the same period of 2020 – RUB 30.20 bn). In January-June of this year, electricity (capacity) was sold for RUB 14.84 bn (against RUB 13.89 bn in the first half of 2020), heat energy – for RUB 17.32 bn (the same indicator in 2020 – RUB 15.72 bn).
The positive dynamics of the indicators is due to the efficient operation of the GSU-223 MW (gas steam unit) of Voronezh HPP-1(heat power plant) in the wholesale electricity and capacity market, increase in the production and sale of electricity (capacity), as well as heat energy against the background of an abnormally warm year 2020, increase in the efficiency of operating and investment activities, as well as optimization of the company’s cost structure.