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Rosseti Summed Up Financial Results for 9 Months of 2019 under IFRS

Rosseti Summed Up Financial Results for 9 Months of 2019 under IFRS 29.11.2019

ROSSETI Company (MOEX: RSTI) presents financial results for the 9 months ended September 30, 2019, calculated according to international Financial Reporting Standards (IFRS). Indicators show that the financial health of the company is stable.

According to the results of 9 months, net profit amounted to 97.1 billion rubles, which is 6.8% more than for the same period last year. The EBIDTA index number has increased by 9.9% over the same period of 2018, and amounted to 244.6 billion rubles. According to the results of 9 months of 2019, the company's revenue grew by 2%, and amounted to 734.2 billion rubles. 

Rosseti shows good dynamics in financial performance both this year and over the past two years. We are also positive in evaluating the company's results for the 9 months of 2019. Improving operational efficiency and lowering costs through the use of digital technology remain our priority. This combination places Rosseti in the ranks of global leaders of the electric grid compound. "The long-term development strategy we have chosen is designed to create the most favorable conditions for our shareholders and investors," said Pavel Livinskiy, CEO of Rosseti.

The comprehensive report on Rosseti's financial performance for the 9M 2019 is available in the respective section in Rosseti's official website.


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