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More than a Third of Russian Enterprises are Unprofitable
10.08.2020 11:39
More than a Third of Russian Enterprises are Unprofitable

In January-May 2020, the share of unprofitable enterprises in Russia reached 36%, Vedomosti reports, citing Rosstat data. The balanced financial result (profit minus loss) of companies for this period (statistics does not include small businesses, banks, insurance organizations and government agencies) amounted to 3.246 trillion rubles.

      The financial result of enterprises for the same period last year amounted to 6.702 trillion rubles. Accordingly, compared with last year, the decline was 51.6%. There is a high drop in the field of mining, where the loss increased 8.6 times. The manufacturing industry and trade also went down, but much less - by 2.7 and 2.8 times, respectively.

      Following the results of five months, 34.3 thousand organizations recorded profits, the total amount of which exceeded 5.5 trillion rubles. 19.3 thousand companies showed a loss, it amounted to 2 trillion 627.8 billion rubles.

Author: Anna Dorozhkina

Tags: Russian business Russian companies    

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