Russian corporate profits 352 bln rubles in Jan - Rosstat
MOSCOW. March 29 (Interfax) - Combined pretax profit at medium and large enterprises (profit less losses) in Russia were 352 billion rubles in January 2016, compared with losses of 224 billion rubles in January 2015, the Federal State Statistics Service (Rosstat) said.
Some 29,800 Russian enterprises made a combined 988.6 billion rubles in profit in January 2016, while 18,000 others incurred losses totaling 636.7 billion rubles.
Rosstat said the January changes were calculated "with account taken of the adjustment of data for the corresponding period of last year, based on changes to accounting policy, legislative acts and others in accordance with book-keeping methodology."
Combined pretax profit at medium and large enterprises rose 53.1% in 2015 to 8.42 trillion rubles, Rosstat has said. Combined profit in December alone was 85 billion rubles, compared with 771.1 billion rubles in November, 1.115 trillion rubles in October, 592 billion rubles in September, 127.2 billion rubles in August, 462.2 billion rubles in July, 572 billion rubles in June, 879 billion rubles in May, 1.298 trillion rubles in April, 1.547 trillion rubles in March and 1.126 trillion rubles in February, while there were losses of 152.5 billion rubles in January 2015 and 111 billion rubles in December 2014.
Companies working in the extractive sector had combined profits falling 55.1% year-on-year in January 2016 to 187.9 billion rubles. The manufacturing sector had losses of 90.9 billion rubles and the utilities sector (electricity, gas and water) had 65.2 billion rubles profit, up 41.8%.
In wholesale and retail trade, automotive transport maintenance, motorcycles, household goods and personal items, combined profits were up 2.1-fold to 95.4 billion rubles.
In transport and communications, profit was 62 billion rubles, compared with losses in the same month last year; in agriculture, profit fell 22.1% to 13.3 billion rubles, and in fisheries profit was 7.2 billion rubles, compared with losses a year ago.
The share of Russian enterprises that incurred losses was up 1.5 pp at 37.6% in January 2016.
