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.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.