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Sistema Q1 consolidated revenue reaches $2.62 bln

Sistema also noted that the Q1 2023 financial results were adjusted due to the disposal of some non-core assets

MOSCOW, June 15. /TASS/. Sistema consolidated revenue in the Q1 of 2023 amounted to 221.1 bln rubles ($2.62 bln), the company said on Thursday.

The company’s net profit reached 16.5 bln rubles ($195.36 mln). Adjusted OIBDA for the reporting period increased by 12.9% to 82.4 bln rubles ($985.63 mln).

Net financial liabilities of the corporate center amounted to 258.1 bln rubles ($3.08 bln), an increase of 12.81% compared to the Q1 of 2022. At the same time, by the Q4 of 2022, the increase was 5.3%. The cash balance of the corporate center amounted to 5.1 bln rubles ($60.95 mln). The group's capital expenditures in the Q1 of 2023 reached 25.7 bln rubles ($307.16 mln).

Sistema also noted that the Q1 2023 financial results were adjusted due to the disposal of some non-core assets.

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Rustem Umerov did not specify for what period exactly the specified amount was spent

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Medvedev allows use of nuclear weapons by Russia when ‘patience runs out’

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Hollywood action star Jackie Chan says he loves Russia, thanks his fans

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Sixteen drones eliminated over Russia’s Bryansk Region

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Hezbollah attacks Israeli military headquarters in Ein-Zeitim

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Neglect of Russia’s interests makes lasting settlement in Ukraine impossible — MFA

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Ukraine puts pressure on FIDE General Assembly over admission of Russians — source

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Rustem Umerov did not specify for what period exactly the specified amount was spent