Russian companies' profits fell by 2 times

Finansy23-07-2009 Russian companies' profits fell by 2 times in the first five months of the year Russian companies have earned almost 2 times less than the same period a year earlier. Hardest hit in terms of profits of the enterprise of manufacturing and construction. It is best to difficult economic conditions have adapted the company, generating electricity, gas and water. Nice feeling and the fishing industry. During January-May 2009 Russian companies have earned almost 2 times less than in January-May last year. Such disappointing statistics published Rosstat. In the first five months of the year net on pretax profit (profit minus loss) of large and medium-sized companies in Russia amounted to 1.26 trillion rubles., Which is 48% less than the same period a year earlier. Then the Russian companies have made a profit of 2.419 trillion rubles. However, this decline can be explained. Russian companies are in a situation of global financial crisis, suffering from falling commodity prices and demand for finished products, reducing access to credit and the weakening national currency. Due to the devaluation of the ruble, by the way, the profit in dollar terms declined even more substantial - up to $ 39 billion from $ 101.2 billion a year earlier.