Rosseti South increased its IFRS net profit 8.9 times in 2023
In 2023, Rosseti South PJSC got a consolidated profit under the International Financial Reporting Standards (IFRS) of 3 billion rubles, which is 8.9 times as much as in 2022. The company’s revenue increased by 15.6% to 51 billion rubles.
At the end of 2023, operating profit doubled to 6.1 billion rubles. EBITDA for the reporting period amounted to 8.7 billion rubles compared to 6.1 billion rubles in 2022.
The positive dynamics was due to an increase in revenue and indexation of electricity transmission tariffs in the regions of the Rosseti South activities, as well as growth in electricity consumption.
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