MOSCOW, August 29. /TASS/. Net loss of Sistema under IFRS in April - June 2022 decreased by 46.5% - from 3.9 bln rubles ($63.65 mln) to 2.1 bln rubles ($34.32 mln), according to the company's report.

The company's net loss for the half of 2022 increased to 20.6 bln rubles ($336.8 mln) from 6.3 bln rubles ($102.73 mln) for the same period in 2021.

The consolidated revenue of Sistema in Q2 of 2022 increased by 19.9% - from 178.4 bln rubles ($2.9 bln) for the same period last year to 213.8 bln rubles ($3.5 bln). The same figure increased from 348.3 bln rubles ($5.7 bln) for January - June 2021 to 427.8 bln rubles ($6.97) at the end of the first half of 2022.

Adjusted net loss of the corporation for the reporting period reached 10.8 bln rubles ($176.26 mln) against 3.4 bln rubles ($55.57 mln) a year earlier. Adjusted net loss for the half year increased from 5.8 bln rubles ($94.58 mln) to 21.3 bln rubles ($347.8 mln).

Adjusted OIBDA in the Q2 reached 85.8 bln rubles ($1.4 bln) against 58.4 bln rubles ($953.75 mln) a year earlier. For the first half of the year, this figure amounted to 155.2 bln rubles ($2.53 bln), against 115.2 bln rubles ($1.88 bln) a year earlier.

Operating profit for the quarterly reporting period amounted to 79.6 bln rubles ($1.3 bln) against around 51 bln rubles ($831.68 mln) a year earlier. For the first half of the year, this figure reached 48.2 bln rubles ($786.02 mln) against 25.7 bln rubles ($419. mln) for the first half of last year

Sistema is a public Russian investment company with a diversified portfolio of assets serving about 150 mln consumers in such industries as telecommunications, high technology, banking, retail, e-commerce, timber processing, agriculture, real estate, tourism, and medical services. The company was founded in 1993.