ROSSETI announces 6M2021 RAS financial results
Source: RNS
ROSSETI announces 6M2021 RAS financial results
Moscow, 30 July 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 6M 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 indicators
|
Item, mln RUB |
6M2021 |
6M2020 |
Change,% |
|
|
Revenue |
23 200 |
13 928 |
66.6 |
|
|
Cost of sales |
(1 902) |
(1 927) |
1.3 |
|
|
Net profit (loss) |
11 044 |
(22 173) |
- |
|
|
Adjusted net profit (loss) |
22 041 |
12 596 |
75.0 |
ROSSETI delivered stable financial results for 6M 2021 under the Russian Accounting Standards.
The Company's net profit amounted to 11.0 billion RUB versus 22.2 billion RUB 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 75% to 22.0 billion RUB.[1]
[1] The revaluation is non-monetary and was performed in accordance with Russian accounting legislation.
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