TGC-1 Group IFRS Profit for 2015FY Increased by 40.4%

14.03.2016

JSC TGC-1 releases audited consolidated Financial Statements for the 12 months period, ended December 31, 2015 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (mln RUB)

2015

2014

Revenue

69,424

68,996

Operating Expenses*

(59,407)

(62,500)

Operating Profit

10,017

6,496

EBITDA**

17,222

13,209

Profit for the Year

5,826

4,149

* Including Government grants, Impairment loss reversed/ (recognized) and Other operating income.

** EBITDA is calculated as Operating profit + Depreciation of PP&E + Amortization of intangible assets and investment property.

Consolidated TGC-1 Group revenue for 2015FY increased by 0.6% year-on-year, up to 69,424 mln RUB.

Operating expenses for the 2015FY decreased by 4.9% year-on-year, down to 59,407 mln RUB. Variable costs decreased by 2.6%, down to 37,296 mln RUB mostly on the account of fuel usage optimization and lower inefficient production.

TGC-1 operating profit grew by 54.2% year-on-year totaling 10,017 mln RUB. EBITDA amounted to 17,222 mln RUB, growing by 30.4% year-on-year.

Profit for 2015FY increased by 40.4%, up to 5,826 mln RUB.

Full JSC TGC-1 2015FY results under IFRS can be found at the corporate website in the “Reports” section.