Sistema rating raised to ruA by Expert RA

MOSCOW: Sistema PJSFC, a publicly traded diversified Russian holding company, announced that the RAEX (Expert RA) rating agency has raised Sistema’s credit rating from ruA- to ruA. The outlook for the rating is stable. The rating upgrade is the result of consistent deleveraging at the Corporate Centre against a backdrop… Continue reading

Moscow based Sistema posts 15.5 percent growth in revenues

MOSCOW: Sistema PJSFC, a publicly-traded diversified Russian holding company, has announced a net profit of RUB 391 million for the quarter ended December 31, 2018 as Group’s revenue increased 15.5 percent to RUB 225.1 billion. Andrey Dubovskov, President and Chief Executive Officer of Sistema, said: “Sistema delivered impressive financial and… Continue reading