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PJSC “Quadra – Power Generation” Increases Revenue for 1H 2018 under IFRS

PJSC “Quadra – Power Generation” has published the interim shortened consolidated financial statements under the International Financial Reporting Standards for the first half of the year 2018.

Following the company’s performance, PJSC “Quadra – Power Generation’s” revenue for the first six months of 2018 was RUB 27.8 bn (1H 2017 – RUB 26.8 bn). The company’s profit for the reporting period was RUB 2.2 bn, which exceeds the year-on-year index by RUB 461 m.

The main factors which influenced the performance were the increase in the heat power sales in the regions, reduction in the expenses for the energy production and increase in the operating efficiency of the company.