Russia’s JSC Atomenergoprom on 26 August published consolidated financial statements for the first half of 2021. They showed that consolidated revenue had increased by RUB51.3 billion ($702m), up 13.5%, totalling RUB431.5 billion. Income from operating activities for the first half of 2021 increased by RUB 30.5 billion, up 33.8%, compared with the same period last year and totalled RUB120.8 billion.
JSC Atomenergoprom (Joint Stock Company Atomic Energy Power Corporation – AEP) is a Russian state vertical integrated company, which will unite more than 80 enterprises of the nuclear industry. AEP provides full production cycle of nuclear power engineering – from uranium production to nuclear power plant construction and energy generation. The corporation already includes major Russian nuclear companies such as nuclear utility Rosenergoatom and fuel company TVEL. AEP was established in order to consolidate the assets of the civilian part of the Russian nuclear industry.
The Group's profit for the first half of 2021 amounted to RUB81.9 billion, which is RUB5.5 billion less than the same indicator for the corresponding period of 2020. It should be noted that a decrease in profit by RUB33.4 billion (before tax) is related to the effect of exchange rate differences for the periods under review. In comparable conditions, excluding the influence of this factor, the growth of the Group's profit would have amounted to RUB21.3 billion rubles (31.5%), AEP said.
The Group's assets in the first half of 2021 increased by RUB7.6 billion, or 0.2%.
As of the reporting date, the COVID-19 virus pandemic had no significant impact on the Group's operations. However, AEP added: “Assessing the impact of the pandemic in the event of an aggravation of the situation and tightening of measures aimed at containing the coronavirus infection is currently difficult. Management continues to closely monitor developments in the situation and will take the necessary measures to neutralise the possible negative impact of the COVID-19 virus pandemic, as well as adapt the Group's activities to new market opportunities.”