Corporate profits in Russia rose by 33.2 percent to RUB 12,842.2 billion in January to November 2018 from RUB 9,642.5 billion in the same period of the previous year. Profits increased in mining & quarrying (75.1 percent to RUB 4,358.7 billion); manufacturing (22.9 percent to RUB 3,359 billion); wholesale & retail trade (73.9 percent to RUB 2,065.3 billion) and utilities (9.8 percent to RUB 610.2 billion). On the other hand, net income declined in information & communication activities (-8.7 percent to RUB 300.6 billion) and transportation & storage (-18.5 percent to RUB 929.2 billion). Corporate Profits in Russia averaged 4584.30 RUB Billion from 2010 until 2018, reaching an all time high of 12842.20 RUB Billion in November of 2018 and a record low of -224 RUB Billion in January of 2015.
Corporate Profits in Russia is expected to be 2700.00 RUB Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in Russia to stand at 15100.00 in 12 months time. In the long-term, the Russia Corporate Profits is projected to trend around 19700.00 RUB Billion in 2020, according to our econometric models.