Based
on the results of the publication of Interim Condensed Consolidated
Financial Statements (unaudited) for 9 months of 2023 under IFRS,
Rosseti Centre, PJSC (ticker – MRKC) – managing organization of
Rosseti Centre and Volga region, PJSC (ticker – MRKP) prepared and
published on its corporate website a presentation with the operating
results of the companies for the corresponding period and guidance
for 2023. The presentation reflects the main financial and production
indicators for 9 months of 2023, as well as forecast parameters of
operating and investment activities in accordance with the companies’
approved Business Plans and Investment Program drafts.
As
a result of the completed period, the companies’ production assets
continued to increase, reflecting the results of the successful
implementation of the Investment Programs. The growth in revenue for
electricity transmission services for the company Rosseti Center,
PJSC, with a decrease in net supply, was ensured by the indexation of
tariffs for electricity transmission services; for the company
Rosseti Centre and Volga region, PJSC positive changes of net supply
and revenue for electricity transmission services were noted, in this
regard, both companies have seen a decrease in the level of
electricity losses. The volume of connected capacity of the companies
increased by more than 40%, which, together with the change in
pricing for preferential categories of applicants, also had a
positive effect on operating results. An additional factor in
improving the operating performance was an increase in the number of
applications for additional services in such areas as the
implementation of projects for maintenance of power installations,
the construction and repair of outdoor lighting networks, and the
provision of turnkey grid connection services.
As
a result of indexing tariffs for electricity transmission services,
reducing losses, increasing revenue from core and other activities,
as well as containing cost growth, it was possible to ensure an
increase in EBITDA and net profit of the companies for 9 months of
2023 compared to the same period last year.
The
presentation of Rosseti Centre, PJSC – managing organization of
Rosseti Centre and Volga region, PJSC can be found on the link. Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade Search by alpha index
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