OREANDA-NEWS  The net financial result (profit minus losses) of Russian companies in October 2022 decreased by 1.8 times compared to the same period last year, amounting to 1.66 trillion rubles (in October 2021 it was 3 trillion), follows from Rosstat data. The total profit of profitable organizations reached 1.78 trillion rubles, and the loss of unprofitable ones amounted to about 128 billion rubles.

The monthly financial result of the corporate sector in Russia has been steadily declining since June 2022, when it decreased by 31% year-on-year. In July, a decrease of 15% followed, in August — by 16%, and in September, organizations did not make a profit at all (the total loss of companies exceeded total profits by 728 billion rubles). In January—February, the net profit of the Russian business was 66% higher than the comparative indicator of the previous year.

In October, a negative balance of profits and losses was recorded in several industries, follows from the calculations of RBC. In wholesale trade (except cars and motorcycles), the loss amounted to 125 billion rubles (against a profit of 489 billion in October 2021), in retail trade, on the contrary, the profit in October increased to 79 billion rubles (against 13 billion a year earlier). In the sphere of hotels and catering enterprises, the loss amounted to 2.1 billion rubles.