FY2017 RAS results

22 February 2018

FY2017 revenues totaled RUB 71,089.7 million (+RUB 5,637.6 million or 8.6%YoY), the increase being impacted by grown revenues from electricity transmission.
FY 2017 expenses (plus administrative costs) amounted to RUB 64,371.9 million (+ RUB 3,983.9 million or 6.6% YoY), the rise being affected by grown expenses on loss compensations as well as increased payments to FSK and other grid operators.
Pre-tax profit totaled RUB 5,712.6 million (+ RUB 903.8 million YoY).
FY 2017 net income of the Company reached RUB 4,569.5 million (+ RUB 1,263.9 million YoY), the rise influenced by increased revenues from electricity transmission and other revenues.

Table 1. FY2016 and 2017 highlights of the Company, RUB thousand.

Item

FY2017

FY2016

Total revenues

71,089,667

65,452,057

Total expenses (plus administrative costs)

64,371,970

60,388,061

Sales profit

6,717,697

5,063,996

Operating margin

9.4%

7.7%

Pre-tax profit

5,712,558

4,808,735

Net income

4,569,516

3,305,554

Net margin

6.4%

5.1%

Read more

To view FY2017 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

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