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PJSC «Quadra — Power Generation» Increases Revenues for 2017 under IFRS

PJSC «Quadra — Power Generation» Increases Revenues for 2017 under IFRS

PJSC «Quadra — Power Generation» has published the 2017 financial results (as at 31 December) in accordance with the International Financial Reporting Standards (IFRS).

Following the year 2017 performance, the company’s revenues from sales of thermal power and electricity were RUB 50.2 bln. against RUB 47.2 bln. of the year 2016. The index grew as a result of putting the new energy unit GSU-115 MW of the Dyagilev HPP into operation.

Following the year 2017 results, the loss of PJSC «Quadra — Power Generation» was RUB 0.2 bln., which is 10 times below the similar index of 2016 (RUB 2.2 bln.). This is due to the growth of revenues from sales and implementation of the actions of efficient cost management of the Company.