FGC UES net profit under IFRS falls 31% to 39.97 bln rbl in 2020

MOSCOW, Mar 5 (PRIME) -- The net profit of Russia’s Federal Grid Company of Unified Energy Systems (FGC UES) fell by 31.3% on the year to 39.965 billion rubles in 2020, as calculated under Russian Accounting Standards (RAS), the company said in a report on Friday.

Revenue decreased by 5% to 230.592 billion rubles.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 2.2% to 126.55 billion rubles.

(73.7864 rubles – U.S. $1)

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