Net profit of "Rosseti Moscow Region" for 9 months of 2019 increased by 23%

According to the results of work for 9 months of 2019, PJSC MOESK ("Rosseti Moscow Region" brand name) in accordance with Russian accounting standards received a net profit of 5.8 billion rubles, thereby increasing financial performance by 23% for the same period last year- 4.7 billion rubles. Free cash flow amounted to 3.7 billion rubles.

The main influence on the amount of net profit in the reporting period was due to the growth of profitability of the main activity and optimization of non-operating expenses.

Key events and indicators:

1. A decrease in the loan portfolio by 3.7 billion rubles from the beginning of the year;

2. Improving the efficiency of operating activities: with revenue growth of 2.4%, growth in operating expenses amounted to 0.9%, which is significantly lower than inflation;

3. Growth in EBITDA margin by 1.5% to 28%.

More detailed information on the financial and economic indicators of PJSC MOESK according to RAS for 9 months of 2019 can be found in the corresponding section of the official website:http://www.moesk.ru/invest_news/otchetnost/otchet_rsby/.