Sistema’s IFRS adjusted net loss narrows 74% in Jan–Mar

MOSCOW, Jun 15 (PRIME) -- The adjusted net loss of Russian multi-industry holding Sistema narrowed 74.4% on the year to 2.4 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the company said on Tuesday.

Revenue increased 8.4% to 171.536 billion rubles.

Adjusted operating income before depreciation and amortization (OIBDA) grew 6.1% to 56.93 billion rubles.

Operating profit rose 10.9% to 25.384 billion rubles.

(71.6797 rubles – U.S. $1)

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