Support The Moscow Times!

Corporate Profits Off 5.2%

Russian companies’ consolidated profits declined 5.2 percent in the second quarter from the year-earlier period to 1.26 trillion rubles ($41.1 billion), the State Statistics Service said Monday.

In the first half, consolidated profits increased 63.2 percent from the same period in 2009 to 2.7 trillion rubles, the service said.  The financial results do not include small businesses, banks, insurers or publicly funded enterprises, according to the service.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.