T-Technologies’ total revenue for the 3rd quarter of 2024 more than doubled to 264.4 billion rubles, compared to 128 billion rubles in the same period last year. Such data is presented in the statements of the parent company of T-Bank, T-Investments, T-Mobile and Rosbank, taking into account its entry into the group in August of this year.
It was noted that the company’s net profit increased by 60 percent and reached 37.8 billion rubles. Rosbank’s net profit during this period amounted to 7.5 billion rubles. The one-off impact of the transaction on the group’s net income was minimal. The January-September 2024 net profit of T-Technologies, including Rosbank, increased by 39% compared to the same period last year.
The company expects its net profit to increase by more than 40% by the end of 2024 compared to 2023. According to dividend policy, T-Technologies distributes dividends up to 30% of net profit; The first payments since 2021 will be made to shareholders this year.
According to the report, the number of T ecosystem customers increased by 21%, reaching 45.7 million. Total purchasing turnover increased by 36% and reached 2.4 trillion rubles. Every second active customer of the company uses at least two of its products. More than 14 million people access T applications every day.
According to the report, return on equity (ratio of profit to company capital) in the 3rd quarter was above the market average with 37.8%. Not counting Rosbank, return on equity was over 40%.
As of the end of September, T-Technologies had more than 24 million active customers in the debit cards and current accounts segment, with a total volume of funds in current accounts and deposits of RUB 2.78 trillion. The company also served 770 thousand active customers in the SME segment, with a total cash balance in their accounts of RUB 396 billion. The number of active customers of T-Investments amounted to 4.2 million, and the total volume of assets in brokerage accounts amounted to 1.2 trillion rubles.
T-Bank chairman Stanislav Bliznyuk emphasized that the key financial indicators of the group, including Rosbank, in the 3rd quarter of 2024 show confident positive dynamics against the backdrop of increasing key rates.
“This confirms the resilience of our business model to macroeconomic changes,” Bliznyuk said.
He also said that on November 28, the group’s shares became available to investors under the new T code in all brokerage applications – the first single-letter stock code in Russia.
“With the change of the group’s name to T-Technologies, this event completes the transformation of the brand, which is now fully consistent with the strategic focus of our business on the development of technological products and innovations,” Bliznyuk said. .
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Source: Gazeta
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