Notice of 1H 2013 IFRS results
27 August 2013 - 4:03PM
OTC Markets
Notice of 1H 2013 IFRS results and management
conference-call
JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR;
OTCQX: RSHYY) announces that it will publish condensed consolidated
interim reviewed financial statements under International Financial
Reporting Standards (IFRS) for the 1st half of 2013 on
Thursday, August 29, 2013.
The results will be published after 13.00 (Moscow
time) in the form of a report, accompanied by a press-release and
presentation.
The Company will host a conference call on the results
at 16.00 (Moscow time) on August 29, 2013. The call will be held in
English by Ivan Savelyev, Head of M&A and ECM, and Dmitry
Finkel, Chief Accountant. Please see below the dial-in
details.
***
In compliance with IFRS standards, the Company ran the
impairment tests and identified the impairment losses in the amount
of over RUR 10 bn that will be included in the official financial
statements for January-June 2013. The identified losses are
non-cash; adjusted net profit reflects the cash-based
profit.
Over RUR 6 bn of the amount indicated above is related
to impairment of shares of OJSC Inter RAO UES, owned by RusHydro,
due to prolonged decline in their market value. The o ther part of
accrual non-cash loss is mainly related to the project of
Boguchansky energy and metals complex (BEMO), that includes
Boguchanskaya hydropower plant and Boguchansky smelter, due to
expected decline in future cash flows reflected in the financial
model of the project resulting from changes to the previously used
assumptions.
Dial-in details:
Russia Toll Free Number: 8 10 8002 097
2044
UK Call-in Number: +44 145 256
9335
US Toll Free Number: +1 (866) 655
1591
Conference ID: 35216059
Please dial 10-15 minutes prior to the scheduled time
of the call.
Replay Details
International Replay Number: +44 145 255
0000
UK Toll Free Number: 0800 953 1533
US Replay Number: +1 (866) 247 4222
Conference ID: 35216059
The conference call replay will be available through
September 9, 2013.
The conference call is sponsored by Morgan
Stanley.
About
RusHydro:
RusHydro Group is one of Russia?s largest generating
companies. RusHydro is the leading producer of renewable energy in
Russia with over 70 generating facilities in Russia and abroad. The
company also manages a number of R&D, engineering and
electricity retail companies. Group?s thermal assets are operated
by subsidiary ? RAO Energy System of East in the Far East of
Russia. Total electricity generation capacity of the Group is 36.5
GW, heat capacity ? 16.2 thousand GCal/h.
Russian Federation owns 67.1% in RusHydro, the rest is
held by other institutional and individual shareholders (over
360,000). The company?s stock is traded on the MICEX and RTS stock
exchanges, and included in MSCI EM ? MSCI Russia indexes. Company?s
GDRs in the IOB section of LSE, ADRs ? in OTCQX.
For more
information:
JSC RusHydro, Investor Relations
Department
Tel. +7 (495) 225-3232 ext. 1319,
1607
ir@rushydro.ru
DISCLAIMER
The information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of RusHydro. One can
identify forward-looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could,"
"may" or "might," the negative of such terms or other similar
expressions. We wish to caution you that these statements are only
predictions and that actual events or results may differ materially
from these statements.
We do not intend to update these statements to reflect
events and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained
in our projections or forward-looking statements, including, among
others, general economic conditions, our competitive environment,
risks associated with operating in Russia and rapid technological
and market changes in our industries, as well as many other risks
specifically related to RusHydro and its
operations.
RusHydro PJSC (PK) (USOTC:RSHYY)
Historical Stock Chart
From May 2024 to Jun 2024
RusHydro PJSC (PK) (USOTC:RSHYY)
Historical Stock Chart
From Jun 2023 to Jun 2024