Date: 5 days ago   Category: Energy

RusHydro expects net profit following the results of 2018 at the level of 30 billion rubles — Rambler News Service


RusHydro expects net profit according to the International Financial Reporting Standards (IFRS) following the results of 2018 at the level of 30 billion rubles, the head of the company Nikolay Shulginov reported during the meeting with the President of Russia Vladimir Putin. According to Shulginov, the revenue of the company will be about 407 billion rubles, EBITDA indicator – about 102 billion rubles. "On financial performance we predict good results. Revenue will be about 407 billion, EBITDA – about 102 billion rubles. Net profit is expected around 30 billion" — Shulginov whose words are cited by the press service of the Russian President told. He also noted that the company predicts the growth of dividends following the results of 2018 for 35% in comparison with dividends for previous year. "We expect and dividends are higher than last year – about 35%. With such offer the company will leave in the government. These are just 50% of profit according to IFRS" — Shulginov told. Besides, the head of Rugsidro reported that in 2018 the power of the power plants of group was increased by 335 MW, including due to input of new power plant in Vladivostok – CHPP Vostochnaya (power - 140 MW). According to Shulginov, the other day RusHydro finished input of the third hydrounit on Ust-Srednekansky hydroelectric power station. Power as a result of modernization of stations grew by 50 MW. He added that in 2019 the company intends to complete the construction of the Sakhalin GRES-2 and Lower Bureya hydroelectric power station, to complete combined heat and power plant in Sovetskaya Gavan and Zaramagsky hydroelectric power station in North Ossetia.

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