Corporate profits in Russia rose by 34.4 percent to RUB 10,152 billion in January to September 2018 from an upwardly revised RUB 7,552 billion in the same period of the previous year. It was the highest value for net income since December 2017, as profits increased in mining & quarrying (82.8 percent to RUB 3,535 billion); manufacturing (26.5 percent to RUB 2,738 billion); wholesale & retail trade (79.8 percent to RUB 1,576 billion); utilities (8.9 percent to RUB 437 billion) and information & communication activities (3.4 percent to RUB 275 billion). In contrast, net income declined in transportation & storage (-23.2 percent to RUB 726 billion). Corporate Profits in Russia averaged 4378.40 RUB Billion from 2010 until 2018, reaching an all time high of 11285.10 RUB Billion in December of 2016 and a record low of -224 RUB Billion in January of 2015.
Corporate Profits in Russia is expected to be 12500.00 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 9500.00 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.