TGC-1 Group IFRS EBITDA for 9M 2015 increased by 5.2%

19 November 2015

JSC TGC-1 releases its abbreviated interim unaudited consolidated Financial Statements for the 9 months period, ended September 30, 2015 prepared in accordance with International Financial Reporting Standards (IFRS).                                 

Consolidated Statement of Comprehensive Income Highlights (mln RUB)

9М 2015

9М 2014




Operating Expenses*



Operating Profit






Profit for the Period



* Includes state subsidies 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 9M 2015 increased by 0.2% year-on-year, up to 48,049 mln RUB.

Operating expenses for the 9 months of 2015 decreased by 0.4% year-on-year, down to 41,124 mln RUB. Variable costs decreased by 2.5%, down to 25,545 mln RUB mostly on the account of lower fuel costs (-7.6%). Fixed costs decreased by 1% down to 10,807 mln RUB mainly due to recovery of provision for receivables impairment.

TGC-1 operating profit grew by 4.2% year-on-year totaling 6,924 mln RUB. EBITDA amounted to 12,304 mln RUB, up to 5.2% year-on-year.

Profit for 9M 2015 increased by 3.1%, up to 4,036 mln RUB.

Full JSC TGC-1 9M 2015 results under IFRS can be found at the corporate website in the “Reports” section.