PJSC Evropeiskaya Elektrotechnica Financial Statement for H1 2017

PJSC Evropeiskaya Elektrotechnica Financial Statement for H1 2017

Evropeiskaya Elektrotechnica s net profit has increased more than threefold and amounted to RUB 120 million for H1 2017. According to the Financial Statement, this is the result of a 33.7% increase in own production. Specialists from the PJSC Evropeiskaya Elektrotechnica Analytical Department predict that this year the company will have 3.2 times more revenue than in 2016. Assets increased by 30.4%. 

“When we became a PJSC company, we significantly increased our efforts at business development. We included several key specialists in our management team to trigger innovation, speed our growth, and enlarge our customer base. We will manage to achieve the growth rates that we promised to our shareholders at the moment of our IPO,” says Sergey Dubenok, Head of the Board of Directors.

PJSC Evropeiskaya Elektrotechnica has continued expanding in the Russian Federation in 2017. To date, three new engineering centers out of five declared are operating successfully. Two more are planned to be opened by the end of the year.

Evropeiskaya Elektrotechnica is the largest company in Russia and the CIS countries that provides complex engineering services on systems of power, electric power supply and electric lighting for industrial facilities. The