Advertisement
Singapore markets closed

  • Straits Times Index

    3,367.90
    +29.33 (+0.88%)
     

  • S&P 500

    5,475.09
    +14.61 (+0.27%)
     

  • Dow

    39,169.52
    +50.66 (+0.13%)
     

  • Nasdaq

    17,879.30
    +146.70 (+0.83%)
     

  • Bitcoin USD

    62,556.55
    -234.27 (-0.37%)
     

  • CMC Crypto 200

    1,337.08
    -7.42 (-0.55%)
     

  • FTSE 100

    8,144.32
    -22.44 (-0.27%)
     

  • Gold

    2,333.30
    -5.60 (-0.24%)
     

  • Crude Oil

    83.95
    +0.57 (+0.68%)
     

  • 10-Yr Bond

    4.4790
    +0.1360 (+3.13%)
     

  • Nikkei

    40,074.69
    +443.63 (+1.12%)
     

  • Hang Seng

    17,769.14
    +50.53 (+0.29%)
     

  • FTSE Bursa Malaysia

    1,597.96
    -0.24 (-0.02%)
     

  • Jakarta Composite Index

    7,125.14
    -14.48 (-0.20%)
     

  • PSE Index

    6,358.96
    -39.81 (-0.62%)
     

Russia's Sistema reports 15.8% jump in 2022 net profit

Reuters
·1-min read

MOSCOW (Reuters) - Russian conglomerate AFK Sistema on Monday reported a 15.8% jump in annual net profit to 19.4 billion roubles ($237.7 million) in what it said were strong results despite "unprecedented challenges" during the year.

The company, which has stakes in Russian companies ranging from pharmaceuticals to telecoms, said revenue in 2022 rose 18% to 912.7 billion roubles.

"We encountered new unprecedented challenges and major transformational changes," Sistema President Tagir Sitdekov said in a statement, adding that the company still managed to grow its businesses in highly volatile markets.

Sistema said its capital expenditure in 2022 totalled 158.6 billion roubles.

ADVERTISEMENT

Sistema said the consolidation of real estate firm Etalon Group's results into Sistema's overall results since May 2022 helped lift profit last year. In May 2022, Sistema acquired an additional 23.2% stake in Etalon, having already held a 25.6% stake.

($1 = 81.6500 roubles)

(Reporting by Reuters; Editing by Susan Fenton)