Sistema PJSFC and the government of Kemerovo region-Kuzbass have signed a cooperation agreement envisaging implementation of joint initiatives and investment projects to ensure fast-paced and sustainable social and economic development of the region, the company informed.
The cooperation will focus on a number of areas, including involvement of Sistema Group's portfolio companies in the development of hotel & accommodation, transport and telecom infrastructure, housing construction and medical services in Kuzbass. In addition, MTS PJSC and the government of Kemerovo region signed an agreement on strategic partnership as part of the Digital Economy of the Russian Federation national program.
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.
Mobile TeleSystems PJSC (MTS, tax number: 7740000076) and its subsidiaries provide services to about 100 million subscribers in Russia, Armenia, Belarus, Ukraine, and Turkmenistan. The company also provides fixed-line telephony and cable television services in all federal districts of Russia and in Ukraine. The company's authorized capital is RUB 199.84 million. It consists of 1,998,381,575 placed ordinary shares.
IFRS profit of MTS for 2019 attributable to the company's shareholders increased 8 times to RUB 54.2 billion from RUB 6.8 billion a year earlier. Revenue grew by 5.5% to RUB 476.1 billion from RUB 451.5 billion, adjusted OIBDA by 2.8% to RUB 210.3 billion from RUB 204.6 billion.
