FGC UES sees IFRS net profit rising 15% to 89.3 bln rbl in 2018

MOSCOW, Dec 18 (PRIME) -- Russia’s Federal Grid Company of Unified Energy Systems (FGC UES) expects the net profit to rise 15% to 89.3 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), a source familiar with the results of a meeting between FGC UES’s top managers and investors told PRIME on Tuesday.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) is planned at 128.1 billion rubles, and revenue at 251.6 billion rubles, a 4.2% rise on the year.

(66.6208 rubles – U.S. $1)

End