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Share of Russia’s unprofitable organisations goes up by 2% to near 30% in Jan-Oct 2013

January 12, 2014, 7:05 UTC+3 MOSCOW
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MOSCOW, January 12 /ITAR-TASS/. The share of Russia’s loss-making enterprises increased by 2.4 percent points in the first ten months of the last year over the same period of 2012 and stood at 29.4 percent, the Russian State Statistics Service said in its regular report.

Proceeding from the report, the balanced financial result (income minus loss) of Russia’s organisations (exclusive small business, banks, insurance organisations and public structures) was estimated at 5.776 trillion roubles (USD 1 = RUB 33.16) in the effective prices in January-October 2013, including 6.947-trillion-rouble profit of 41,600 organisations operating in Russia and 1.181-trillion-rouble lost of another 17,300 organisations.

In the same period of 2012, the balanced financial result of the organisations under review was estimated at 6.852 trillion roubles, the statistics reaffirmed.

According to the Statistics Service, the total share of loss-making organisations in the mining industry amounted to 36.7 percent, as compared to 30.5 percent in the preceding year. Herewith, the total share of unprofitable organisations engaged in the production of fuel and energy resources reached 37.4 percent from 35.3 percent in 2012.

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