MOESK expecting net profit to triple to 14.6 bln rubles in 2023, EBITDA at 53.4 bln rubles
MOSCOW. Sept 12 (Interfax) - Moscow United Electric Grid Company (MOESK) is expecting its net profit to triple in 2023 compared with 2018 to 14.6 billion rubles, the company said in a presentation.
EBITDA is expected to grow 40% to 53.4 billion rubles, and revenue 25% to 199.2 billion rubles.
"And how? Apart from increasing nontariff services we will also be boosting operating efficiency," said Vladimir Myasnikov, the company's first deputy head. He said MOESK also planned to lower cost per unit roughly 30%.