Sistema PJSFC: Sistema announces financial results for the fourth quarter and FY 2020
DJ Sistema PJSFC: Sistema announces financial results for the fourth quarter and FY 2020
Sistema PJSFC (SSA)
Sistema PJSFC: Sistema announces financial results for the fourth quarter and FY 2020
08-Apr-2021 / 10:00 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Sistema announces financial results for the fourth quarter and FY 2020
Moscow, Russia - 8 April 2021 - Sistema PJSFC ( Sistema , the Corporation , or together with its subsidiaries and
affiliates, the Group ) (LSE: SSA, MOEX: AFKS), a Russian publicly traded investment company, today announces its
(Prosus) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO OR IN THE UNITED STATES, CANADA OR JAPAN OR INTO ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.
THE SHARES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT ), AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL NOT BE A PUBLIC OFFERING OF SUCH SHARES
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Several weeks ago, I discussed why a company’s earnings can be misleading and why its cash flow is important. Accounting decisions can hide blemishes and adjust the numbers to suit whatever story a company wants to tell. Accounting rules give companies some leeway in how they report certain items.
On the other hand, cash flow provides a more straight-forward picture of a company’s financial situation. It’s either generating cash flow or it’s not. That’s why it’s a good idea for investors to study a company’s cash flow disclosures.
With that in mind, let’s take a look at how companies report their cash flow. Hopefully it will give you a basic understanding that will help you in your investing endeavors.