The balanced financial result of Russian companies at the end of last year decreased by 12.6% compared to 2021. According to Rosstat, in 2022, enterprises earned 25.93 trillion rubles, 29.66 trillion rubles. — a year earlier.
At the same time, Rosstat recorded the largest decrease in the balanced financial result in 2022 in the fishing and fish farming industries, in wholesale trade.
But the highest growth rates in the balanced indicator of profits and losses in 2022 were shown by organizations engaged in construction and rail freight transportation, as well as hotels and catering enterprises.
Just as the most pessimistic fears of a decline in GDP and industrial production did not come true, the financial results of the corporate sector turned out to be better than expected. According to Valery Mironov, Deputy Director of the HSE Development Center, the reduction of the balanced financial result by 12.6% in nominal terms can formally be considered a success. But still, he added, in fact, this is not a very good indicator. This indicates an increase in sanctions costs for logistics, parallel imports, and the fact that enterprises in the conditions of a large “war premium” have not been able to increase their financial results, RBC reports.
Source: Rosbalt

Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.