October 7, 2021


Coronavirus COVID-19

Experts said the severe drop in profits of the Russian business

Company of Moscow, Yamalo-Nenets Autonomous Okrug (YANAO) and Republic of Komi became the leaders by net loss in Russia by the end of spring 2020. On Wednesday RBC, citing a study by the international audit and consulting group FinExpertiza.

According to the publication, business in Moscow has suffered a loss in the amount of 85 billion virtually any in Yamalo-Nenets Autonomous district, the figure amounted to 51.2 billion virtually any, and in the Komi Republic — 19 billion virtually any. Rating also came in Amur oblast, Nenets Autonomous Okrug, Tomsk oblast, Chechnya, Dagestan, North Ossetia, Crimea.

The biggest increase in loss showed Ingushetia (loss of local businesses rose by 3 260% compared with the period a year earlier), Chechnya (minus 984%), Nenets Autonomous Okrug (minus 324%), Amur oblast (minus 323%), Crimea (minus 315%).

In General, over the three spring months 2020, the cumulative profit of the Russian business (excluding small companies) declined by 67% year — on-year to 1.4 trillion virtually any, stated in the material. FinExpertiza, calls it the worst in the spring months in the entire history of observations, that is at least 16 years. Still the worst was considered an indicator of 2017, when the profits of Russian companies fell by 28%, according to the publication.

In most regions of Russia business at the end of three spring months have made a profit, and in 27 regions of Russia even increased it. The highest growth thanks to an influx of domestic tourists after the closure demonstrated the Republic of Altai (plus 574%). The five leaders are also Belgorod oblast (plus 237%), Mordovia (plus 108%), Murmansk oblast (plus 100%), Buryatia (plus 80%).

Main generator loss for the March-may 2020, has become the wholesale trade in natural gas (in relation to macrotrace wholesale and retail trade). Because of lower gas prices and falling demand from Europe decreased in this sector amounted to 231 billion virtually any“, — quotes RBC report FinExpertiza. Analysts say that to increase profit could only enterprises operating in the fields of agriculture, forestry and fisheries.

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