Net profit of "Rosseti Moscow Region" for 9 months of 2020 increased by 20% - up to 7.9 billion rubles
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The income of PJSC "Rosseti Moscow Region" amounted to 115.6 billion rubles, including from the transmission of electricity - 108.3 billion rubles, from technological connection - 5.2 billion rubles. In the reporting period, the net profit amounted to 7,9 billion rubles.
For 9 months of 2020 compared to the same period of the last year, the revenue of PJSC "Rosseti Moscow Region" increased by 0.4%.
The net profit for the reporting period is 20.4% higher than for the first 9 months of 2019.
The positive dynamics of the financial result in the reporting quarter is the result of effective implementation by the Company's management of the plan to maintain financial stability in terms of managing operating costs, reducing financial expenses, prioritizing investment projects and optimizing working capital. In addition, the recovery of economic activity in the Moscow region in the post-quarantine period had a positive impact.
|Name of the indicator||9 months 2020||9 months. 2019*||Change|
|1||Income, million rubles, including||115,550||115,055||0.4%|
|- from electric power transmission||108,314||108,697||-0.4%|
|- from technological connection||5,167||4,787||7.9%|
|2||Prime cost, million rubles, including||103,936||100,910||3.0%|
|3||EBITDA, million rubles||32,075||31,250||2.6%|
*Data for 9 months of 2019 are reflected in comparable terms with the report for 9 months of 2020. The financial statements for 2020 using the retrospective recalculation method reflect changes in accounting policy in the income tax calculations.