Net profit of Inter RAO for 9 months decreased by 6.8 times – Kommersant
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The net profit of PJSC Inter RAO according to Russian accounting standards (RAS) for the nine months of this year decreased by 6.8 times compared to the same period in 2022 and amounted to 4.86 billion rubles. The company’s revenue decreased by 42.8% and amounted to 31.1 billion rubles. This is stated in the materials of Inter RAO on portal information disclosure.
According to the company’s report, the cost of sales decreased by 7.2%, to 25.1 billion rubles, the loss on sales amounted to 2.53 billion rubles. (profit in 2022 amounted to 18.66 billion rubles). According to “Interfax”at the end of September the cash in the company’s accounts was estimated at 182.74 billion rubles.
Inter RAO is an energy holding company that is the only Russian operator of electricity export and import. The main shareholders of the company are Rosneftegaz (26.37%), Inter RAO Capital owns 29.56% of the shares. As of the end of 2021, 8.57% of the shares belonged to PJSC Federal Grid Company – Rosseti (now PJSC Rosseti), 34.24% of the shares were in free float. Inter RAO operates in Russia, the CIS and Europe. In Russia, the company is represented in more than 30 regions.
Read more about the company’s activities in the Kommersant article. “”Inter RAO” sold duty to China”.
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