Rosseti's H1 revenue grows 6% to over 720 billion rubles

MOSCOW. Aug 14 (Interfax) - PJSC Rosseti 's revenue grew 6% year-on-year to over 720 billion rubles in the first half of 2024, Rosseti CEO Andrei Ryumin said at a meeting with Russian Prime Minister Mikhail Mishustin.

Rosseti's investment program will also exceed last year's figures in 2024, Ryumin said.

"I think our investment program will hit a record. We already see that the numbers were 16% higher in the first half of the year than they were last year," he said.

Rosseti's investments totaled 536.9 billion rubles in 2023 and are expected to reach 590 billion rubles in 2024, the company said in the annual report.