FGC UES: Revenues Up 4.4% in 2019

6 March 2020 (10:47)

UrBC, Yekaterinburg, March 6, 2020. RosSet Group’s Federal Grid Company United Energy Systems (FGC UES) carried its audited consolidated financial performance report (compliant with the International Accounting Standards) for the year 2019.

According to FGC UES’s Ural division’s PR & media group, the Group’s revenues amounted to RUB 249.6bn, including RUB 222.4bn stemming from the sale of electric power (up 4.4%, or RUB 9.3bn, on a year earlier); RUB 17.2bn came from the utility connection fees.

The revenues stemming from repair and maintenance of other companies’ electric power facilities rose by 28.6% (RUB 0.4bn) and reached RUB 1.8bn. The increase in this revenue type had to do with FGC UES’ daughter enterprises rendering more services to external customers.

FGC UES Group’s consolidated assets rose by 6.7% (RUN 81.2bn) by the end of 2019 compared with the start of the year and amounted to RUB 1,290.3bn by the end of the accounting period. This figure includes RUB 1,165.7bn in capital assets and RUB 124.6bn in working assets.

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