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Russian Grids

November 29, 2018

ROSSETI shows stable profit growth throughout 2018

Based on the results of 9 months of 2018, PJSC ROSSETI (LSE: RSTI) made a net profit of 88.7 billion rubles, up 9.4% year-on-year. 

The revenue amounted to 719.6 billion rubles vs. 656.3 billion rubles for 3 quarters of 2017. 

EBITDA grew by 4% reaching 222.1 billion rubles in 9 months of 2018, while net cashflow from operating activities totaled 156.3 billion rubles (up by 13%). 

“Business processes optimization on all levels, both production part and monetary policy, pays off. Starting with the first quarter of 2018, PJSC “Rosseti” are showing a steady growth of key financial figures. We intend to keep working on increasing the operative efficiency, with following priority areas of activity: digitization, productivity gain and fighting the business losses.” – commented Pavel Livinsky, PJSC “Rosseti” Director General on the results of third quarter’s consolidated financial statement. 

More detailed information on the IFRS consolidated financial statements can be found via the National Storage Mechanism at: http://www.morningstar.co.uk/uk/NSMor on the Company’s website http://www.rosseti.ru/

 

 

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