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.