Page 40 - RusRPTMar19

4.3.2 Corporate profits dynamics and M&A
Cumulative Russian corporate profit hit a three year high of RUB12.8 trillion ($194.8bn) in November, or a monthly profit of RUB1.3 trillion ($19.7bn), according to Rosstat.
Russian companies reported better profits in 2018 than in 2017 every month of the year other than March and August.
Russia’s corporate sector net profit was down 8.5% in 2017 y/y, according to Rosstat. The trend runs counter to GDP growth, which hit 1.5% last year after contracting by 0.2% in 2016.
40 RUSSIA Country Report March 2019 www.intellinews.com