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Russian Grids appointed deputy director

Russian Grids BOD decided to appoint E.Olkhovich as deputy CEO on strategic development, the company informed.

Besides, the investment program till 2020 was approved along with the policies in the sphere of information technologies and telecoms.

Russian Grids (former MRSK Holding, TIN 7728662669) is working in the energetic sector. It involves 47 subs including the stakes of 11 interregional dispatching grid companies. The share capital was formed on the basis of the additional capital and retained profit of UES due to the distribution balance. The stocks of all dispatching network companies held by UES were transferred to MRSK Holding. The networks cover 2.29mln km. The share capital is worth 198.071bn rub. The government has 87.9%.

The latter contributed the state-held stake in FSK UES into the share capital of Russian Grids which permitted to complete the restructuring of electric grid assets.

The 2016 net profit (IAS) increased 20.51% to 98.341bn rub. from 81.602bn rub. prior year; revenues moved up 17.89% to 903.981bn rub. from 766.812bn rub.; operating profit - 5.22% to 143.457bn rub. from 136.343bn rub.; pretax profit - 5.39% to 119.842bn rub. from 113.712bn rub.; EBITDA - 6.5% to 265.2bn rub. from 248.9bn rub.; EBITDA/net debt ratio - 1.8 from 2.

The 9-month 2016 net profit (RAS) rallied up 52.04 fold to 185.683bn rub. from 3.568bn rub.; revenues - 4.82 fold to 25.829bn rub. from 5.358bn rub.; profit from sales - 9.99 fold to 23.136bn rub. from 2.315bn rub.; pretax profit - 50.09 fold to 186.141bn rub. from 3.716bn rub.

The IH 2017 net losses (RAS) reached 22.865bn rub. vs. 140.122bn rub. in profit; revenues moved down 0.65% to 24.742bn rub. from 24.904bn rub.; profit from sales - 1.89% to 22.851bn rub. from 23.292bn rub.; pretax losses coming to 22.55bn rub. vs. 140.456bn rub. in profit.

"AK&M", 18:22, 12.09.2017 1251 COR,AKM


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