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Saint Petersburg Sale Co. increased 12-month RAS net profit 2.25 times in 2017

RAS net profit of JSC Saint-Petersburg Sale Company for 2017 increased 2.25 times to RUB 1.268 billion from RUB 562.615 million the year before, the company reported.

Revenue increased by 10.28% to RUB 126.603 billion from RUB 114.804 billion, sales profit by 31.87% to RUB 1.246 billion from RUB 945.027 million, pre-tax profit 2.7 times to RUB 1.617 billion from RUB 599.683 million.

JSC Saint-Petersburg Sale Company (SSC, tax number: 7841322249) was established resulting from the split-up of OJSC Lenenergo as the electric power industry was reformed in the country. The company is a last resort supplier in St.-Petersburg and Leningrad region providing services to over 3 million household consumers and more than 60,000 legal entities. PJSC Inter RAO holds a controlling stake in the company. In 2017, the company's retail electricity sales decreased by 0.4% to 35.339 billion kWh.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of JSC Saint-Petersburg Sale Company for 2016 grew by 9.55% to RUB 562.615 million from RUB 513.574 million the year before. Revenue increased by 18.77% to RUB 114.804 billion from RUB 96.663 billion, sales profit by 1.9% to RUB 945.027 million from RUB 927.406 million, pre-tax profit by 30.31% to RUB 599.683 million from RUB 460.214 million.

"AK&M", 14.02.2018 17:24


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