On Dec. 21, 2016 the Board of Directors has conducted an in-absentia/in-presentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of corporate issues.
The Board of Directors has examined and adopted the 9M 2016 report with regard to business plan completion, covering investment program and key operating risks. The figure below demonstrates key parameters of the report:
|Revenues, RUB million||46,639.2|
|Expenses (incl. adm. costs), RUB million||43,528.8|
|Net income, RUB million||1,857.1|
In the course of the meeting the Board of Directors has adopted the Company’s action plan regarding overdue receivables reduction and reconciliation as of 01.10.2016 as well as determined the Company’s (representatives’) positions with regard to an agenda item of the EESK Board of Directors meeting.