29 Oct 2021 13:39
ROSSETI announces 9M2021 RAS financial results
Moscow, 29 October 2021 - PJSC ROSSETI ("ROSSETI" or "the Company", Moscow Exchange, LSE: RSTI), managing subsidiaries and affiliates in the field of transmission and distribution of electricity, announces its financial results for 9M 2021 under the Russian Accounting Standards (RAS).
The Company's RAS statements are prepared on a standalone basis and do not include the results of ROSSETI's subsidiaries or affiliated companies that operate as independent legal entities.
Key financial results
Item, mln RUB | 9M2021 | 9M2020 | Change,% | |
Revenue | 24 051 | 14 854 | 61.9 | |
Cost of sales | (3 121) | (3 047) | 2.4 | |
Net profit (loss) | (13 342) | (13 235) | 0.8 | |
Adjusted net profit (loss) | 21 787 | 12 779 | 70.5 |
ROSSETI delivered stable financial results for 9M 2021 under the Russian Accounting Standards.
The Company's net loss amounted to 13.3 billion versus 13.2 billion loss for the same period last year.
Net profit adjusted for revaluation of shares of subsidiaries and affiliates on ROSSETI's balance sheet increased by 70.5% to 21.8 billion[1].
[1] The revaluation is non-monetary and was performed in accordance with Russian accounting legislation.
RSTI.L (RSTI)