Aggregate profit at Russian enterprises down 48% in Jan-May - Rosstat
MOSCOW. July 22 (Interfax) - Aggregate pretax profit (pretax profits less pretax losses) at Russian major and medium enterprises in January-May declined 48% year-on-year to 1.2571 trillion rubles, down from 2.4185 trillion rubles in the same period last year, Federal State Statistics Service (Rosstat) reported.
Profits totaling 1.9266 trillion rubles were posted by 34,000 organizations in the five months, and 21,000 organizations had losses totaling 669.5 billion rubles.
The crisis has been weathered best by companies in electricity generation and distribution, gas and water, with the aggregate profit in that segment rising 64.3% in the five months, while the fishery segment saw aggregate profit rise 48.5%.
In the extractive industries, the aggregate profit amounted to 268.7 billion rubles (43.5% less year-on-year), electricity generation and distribution, gas and water - 155.7 billion rubles (up 64.3%), processing industries - 224.6 billion rubles (down 75.8%), construction - 13.1 billion rubles (down 60.2%), transportation and communications - 214.6 billion rubles (down 24.5%), wholesale and retail trade, automotive maintenance, motorcycles, household goods and personal care products - 289.3 billion rubles (down 45.4%) and real estate transactions, rent and services - 74.3 billion rubles (down 42.8%).
The share of loss-making organizations in the total rose 6.8 percentage points to 38.1% in January-May.