IDGC Center IFRS net profit up 7% to nearly 3 bln rubles, EBITDA slumps in 2018
MOSCOW. March 20 (Interfax) - IDGC Center increased its IFRS net profit by 7% to 2.996 billion rubles in 2018, the Russian interregional distribution grid company reported.
The company's EBITDA fell 8.7% to 17.2 billion rubles in 2018.
Revenue was up 3.15% compared with the previous year to 93.9 billion rubles, including 90 billion rubles in revenue from transmission services (+2.7%), 1.9 billion rubles from connection services (+17%), and 530 million rubles from electricity and capacity sales (-3.3%).
The company's operating expenses were up nearly 6% to 87.9 bln rubles. Profit before tax totaled 4.1 billion rubles.
Assets as of late December 2018 totaled 108.12 billion rubles.