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Russian Grids

October 22, 2018

According to RAS, net profit of PJSC ROSSETI has increased by 2.6 times for 9 months

Following the results of 9 months of 2018, in accordance with the Russian Accounting Standards, the net profit of PJSC ROSSETI has increased by 2.6 times against that of the same period last year and amounted to 19.213 billion rubles. The company's revenue has increased by 3% to 26.42 billion rubles. 

The growth in profits is caused by increase of shares value of PJSC ROSSETI's subsidiaries on the Company's balance sheet, which, in its turn, is linked with increase of financial stability of "daughters" and of their capitalization increase. 

The results obtained in the third quarter of 2018 indicate the sustainable financial condition of the Company and correctness of the chosen development strategy. 

More detailed information on the financial and economic indicators of PJSC ROSSETI in accordance with RAS for the third quarter of 2018 can be obtained in the relevant section of the official website.

 

 

 

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