The consolidated revenue of JSC Atomenergoprom increased by 20.6 billion rubles (11.1%) on the year, amounting to 206.6 billion rubles. Operating profit for Q1 2021 increased by RUB 12.2 billion (18.4%) in comparison with Q1 2020, amounting to 78.7 billion rubles.
JSC Atomenergoprom’s profit for Q1 2021 amounted to RUB 59.1 billion, RUB 22.1 billion less than in Q1 2020. The 39.9 billion-ruble decrease in profit is attributed to fluctuations in exchange rates for the periods in question (the report reflects exchange rate gains for Q1 2021 in the amount of RUB 1.0 billion, compared to RUB 40.9 billion in Q1 2020). JSC Atomenergoprom’s profit would have grown by RUB 9.8 billion (20.2%) in the absence of this factor.
JSC Atomenergoprom’s assets in Q1 2021 increased by RUB 19.3 billion (0.5%). Its financial stability and liquidity testify to the Group’s resilience.
On March 11, 2020, the World Health Organization declared that the spread of a new coronavirus had become a pandemic. This epidemiological situation resulted in significant instability in world markets saw. Along with other factors, the pandemic led to a sharp decline in oil prices, stock indices, and the exchange rate of the Russian ruble. The scale and duration of these conditions remain uncertain amidst the ongoing COVID-19 pandemic and could have a negative impact on the economy as a whole, as well as on individual Russian companies and the Group’s financial position and financial results in the future.
As of the reporting date, the COVID-19 pandemic did not have a significant impact on the Group’s operations. It is difficult at present to assess the impact that a worsening of the pandemic and any associated restrictions to contain the infection could have on aforementioned indices. JSC Atomenergoprom’s management continues to closely monitor the situation and will take necessary measures to neutralise any possible negative impacts of the COVID-19 pandemic and adapt the Group’s activities to new market conditions.