Public Joint Stock Company Rosseti Volga (MRKV.ME) Income Statement Analysis – Financial Results

About Public Joint Stock Company Rosseti Volga

Public Joint Stock Company Rosseti Volga transmits and distributes electric power in Russia. It is involved in the technological connection to electric grids. It offers hotel accommodation, sanatorium, resort, and medical treatment and prophylactic service; produces and trades in foodstuff; organizes public catering; and engages in trading, trading-purchasing, intermediary, sale, and marketing operation. It maintains working capacity of electric and thermal network; undertakes design, and civil and knot works of the accounts of electric power, and hot and cold water supply; designs, installs, and adjusts the knots of the accounts of heat, gas, and process equipment; installs and adjusts process equipment, boiler installation, and auxiliaries, as well as instrumentation and unit fuel consuming unit; organizes and carries out power audit; and engages in the civil repair work, assembly, specialized work on installation of systems of gas supply, and service of objects. It provides medical, advisory, expert, tourist, informational, organizational, and administrative services; conducts prophylactic, sanitary, and informational work; offers institution's employee protection service; and organizes active rest and cultural leisure for patient, recreation event, physical training, sport, tourist, children's recreational camp, and other mass event. It also transports passenger by motor transport and car, as well as cargoes by motor transport; rents motor transport, agricultural and construction machinery, machinery, and equipment to individual and legal entity; and maintains and repairs motor vehicle, as well as other motor vehicle, machinery, and equipment. The company was formerly known as Interregional Distribution Grid Company of Volga, Public Joint-Stock Company and changed its name to Public Joint Stock Company Rosseti Volga in August 2020. The company was founded in 2007 and is based in Saratov, Russia. The company is a subsidiary of Rosseti, Public Joint Stock Company.