The Board of Directors of IDGC of Northern Caucasus, PJSC has approved the company's 2018 business plan and took note of information on the projected performance indicators for 2019-2022, the company informed.
The Board of Directors also approved the 2018 procurement plan, the CEO's report on meeting the KPIs in Q1 and Q2 of 2017, the business plan execution report for 9 months of 2017 and the schedule of measures aimed at reducing the overdue debt, formulated the company's position on the agenda of the Board of Directors meeting at JSC Dagestan Grid Company.
Interregional Distribution Grid Company of Northern Caucasus, Public Joint-Stock Company (IDGC of Northern Caucasus, PJSC, tax number: 2632082033) is an inter-regional distribution grid company operating in Russia's electric power sector. IDGC of Northern Caucasus supplies electricity via transmission lines ranging from 110 kV to 0.4 kV in Dagestan, Ingushetia, Northern Ossetia-Alania, Kabardino-Balkaria, Karachay-Cherkessia, Stavropol Krai.
The company's authorized capital is RUB 154.562 million. It consists of 154,562,275 common shares with a face value of 1 ruble. PJSC ROSSETI owns a 92% stake in IDGC of Northern Caucasus.
IFRS net loss of IDGC of Northern Caucasus, PJSC for H1 2017 grew by 21.53% to RUB 3.334 billion from RUB 2.743 billion for the same period in 2016. Revenue increased by 3.4% to RUB 8.627 billion from RUB 8.343 billion, loss from operations by 33.76% to RUB 2.87 billion from RUB 2.145 billion, loss before tax by 32.52% to RUB 3.338 billion from RUB 2.519 billion.
IFRS net loss of IDGC of Northern Caucasus, PJSC for 9 months 2017 grew by 22.07% to RUB 4.438 billion from RUB 3.636 billion for the same period in 2016. Revenue increased by 3.48% to RUB 13.124 billion from RUB 12.682 billion, loss from operations by 26.4% to RUB 3.594 billion from RUB 2.844 billion, loss before tax by 30.41% to RUB 4.489 billion from RUB 3.442 billion.
"AK&M", 11.01.2018 18:58