Sistema IFRS revenue rises 26.2% to 216.4 bln rbl in Jan–Mar

MOSCOW, Jun 9 (PRIME) -- The revenue of Russian multi-industry holding Sistema increased by 26.2% on the year to 216.4 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

The adjusted net loss widened to 10.6 billion rubles from a loss of 2.4 billion rubles in the same period of 2021, while operating net profit grew by 23.8% on the year to 31.4 billion rubles in the period.

The adjusted operating income before depreciation and amortization (OIBDA) rose by 22% to 69.4 billion rubles. The OIBDA margin amounted to 32.1%.

(60.2282 rubles – U.S. $1)

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