Sistema's revenue grows 13% to 313.3 bln rubles in Q3, adjusted OIBDA up 5.4%

MOSCOW. Nov 29 (Interfax) - Sistema PJSFC increased is consolidated revenue by 12.9% year-on-year to 313.3 billion rubles in the third quarter of 2024, the Russian investment group said.

The group's adjusted operating income before depreciation and amortization (OIBDA) rose 5.4% to 84.3 billion rubles in the quarter.

In the first nine months of 2024, Sistema's revenue grew by 20.1% to 888.3 billion rubles and adjusted OIBDA rose 12.6% to 246.4 billion rubles.

The group reported a loss of 2.6 billion rubles for the third quarter due to the growth of interest expenses. Sistema posted a net profit of 1.8 billion rubles for the first nine months of 2024.

Sistema's capital expenditures totalled 130.7 billion rubles in the nine months, including 48.3 billion rubles in the third quarter.

The group's net financial liabilities stood at 288.7 billion rubles as of September 30, up 12.6% from June 30, 2024 amid it investment activity.