IDGC of Center RAS net profit to IFRS down to 1.92 bln rubles in Q1 2018, EBITDA down to 5.96 bln rubles

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IDGC of Center RAS net profit to IFRS down to 1.92 bln rubles in Q1 2018, EBITDA down to 5.96 bln rubles

MOSCOW. April 28 (Interfax) - IDGC of Center saw net profit to International Financial Reporting Standards (IFRS) fall 21.8% to 1.92 billion rubles in January-March 2018 compared with 2.45 billion rubles in Q1 2017, the company said in a report.

EBITDA was down 10.8% to 5.96 billion rubles. Revenue in the quarter was up 4.72% to 25.4 billion rubles. Namely, revenue from electricity transmission increased 4.8% to 24.72 billion rubles. Operating costs grew from 20.25 billion rubles to 22.2 billion rubles.

Profit before tax was 2.59 billion rubles compared with 3.24 billion rubles in the previous year.