RusHydro’s Net Profit under RAS increased by 27% in 1Q 2022
Net profit of PJSC “RusHydro” under Russian accounting standards (RAS) for the first quarter of 2022 increased by 27% to RUB 17,2 bn, EBITDA demonstrated in increase of 16% and reached RUB 27.4 bn, as compared to 1Q 2021.
In the first quarter of 2022, revenue (excluding surcharge to capacity prices in 1st and 2nd price zones) came in at RUB 39.9 bn, an increase of 11% as compared to the corresponding period of 2021. Revenue growth was driven by an increase of capacity sales under capacity delivery agreements and overall net electricity supply.
The Company's total assets increased by RUB 2.2 bn to RUB 1,038.8 bn, as of March 31, 2022, whereas financial debt portfolio decreased by 15% in the reporting period to RUB 97.7 bn. Long-term debt comprises more than 50% of the total debt portfolio.
The Company’s equity increased by 2% to RUB 844.5 bn.
The full financial statements are available on the Company’s website at: http://www.eng.rushydro.ru/investors/reports