Segezha Group swings to 2.4 bln rbl IFRS net loss in Jan–Mar

MOSCOW, Apr 23 (PRIME) -- Russian timber complex Segezha Group, a unit of multi-industry holding Sistema, posted a net profit of 2.4 billion rubles in January–March after a 5.3 billion ruble net loss in the same period of 2020, as calculated under International Financial Reporting Standards (IFRS), the company said on Friday.

Revenue increased by 27.4% on the year to 18.2 billion rubles.

Operating income before depreciation and amortization (OIBDA) rose 93.5% to 5 billion rubles. The adjusted OIBDA margin stood at 27.6%.

(76.4217 – U.S. $1)

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