PJSC ROSSETI set new records by IFRS

PJSC ROSSETI set new records by IFRS 31.05.2018

ROSSETI company (LSE: RSTI) presents consolidated financial statements of the power grid corporate group for the first quarter of current financial year, which ended on 31st of March, calculated in accordance with international financial reporting standards.

As of first three months of 2018, the ROSSETI group made 32.9 billion rubles of net income, which is 39.4% more, than it made within the same period previous year. The revenue constituted 260.3 billion rubles against 230.6 billion rubles in January - March of 2017. The EBITDA measure increased by 16.9% and amounted to 78.9 billion rubles for the first quarter of 2018 at 56.6 billion rubles (15.5% increase) of net cash accruals acquired from business operations.

Such results have become possible due to implementation of a series of measures to increase effectiveness of the power grid complex. These measures include improvements to the labor quality and productivity, increase of SAIDI and SAIFI reliablity indexes, as well as commercial power loss control.

The full report is available on the corresponding section of the ROSSETI official website.

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