Sistema increased 3Q IFRS revenue by 9.6%

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AK&M 04 December 2020 16:09

In the third quarter of 2020, Sistema PJSFC increased revenue increased by 9.6% year-on-year to RUB 184.9 billion, Sistema informed.

Adjusted net profit attributable to Sistema amounted to RUB 2.6 billion. Adjusted OIBDA increased by 14% to RUB 71.7 billion. Adjusted OIBDA margin increased by 1.5 ppts to 38.8%.

Sistema Public Joint Stock Financial Corporation (Sistema PJSFC, tax number: 7703104630) is a public diversified corporation providing services to 150 million consumers in numerous market segments, including telecommunications, high technologies, banking, retail trade, timber processing, agriculture, real estate, tourism and medical services. The company was established in 1993. Sistema's GDRs are traded on the LSE under the SSA ticker, its common shares under the AFKS ticker on Moscow Exchange. The authorized capital of Sistema PJSFC is RUB 868.5 million. It consists of 9.65 billion common shares with a face value of RUB 0.09. The company's principal shareholder is Vladimir Evtushenkov.

Adjusted IFRS net profit attributable to Sistema for 2019 was RUB 53.4 billion against RUB 1.114 billion a year earlier. Net profit attributable to Sistema was RUB 28.597 billion against a loss of RUB 45.898 billion. Consolidated revenue increased by 5.1% to RUB 656.9 billion. Adjusted OIBDA decreased by 0.9% to RUB 223.9 billion.