UPDATE: CEO: Russia’s Rosseti plans net profit at 98 bln rbl in 2017
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MOSCOW/YALTA, Oct 17 (PRIME) -- State-controlled power grid operator Rosseti expects a 98 billion ruble net profit in 2017, Rosseti CEO Pavel Livinsky told President Vladimir Putin on Tuesday.
He also said that the company’s projected revenue amounts to 900 billion rubles and investment program stands at 251 billion rubles including 60 billion ruble repair programs in the period.
The CEO said in a conference call that Rosseti intends to boost its capitalization to at least 1 trillion rubles from the current 224 billion rubles after modernization.
“We need to make our stocks rise. We are a public company and quote on all major exchanges… we are a blue chip,” he said.
Livinsky also told the president that his company is ready for the winter season.
(57.0861 rubles – U.S. $1)
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