Russian companies' revenues grew by almost 16% in six months

In January-June 2024, the income of Russian companies increased by 15.8% compared to the same period of 2023. This follows from the data of the analytical portal of the Federal Tax Service, which was studied by Izvestia. The indicator amounted to 396.5 trillion rubles.

The growth was influenced by the increase in real incomes of the population. This created conditions for high consumer activity, says Vladimir Yeremkin, a researcher at the IPEI structural research laboratory of the Presidential Academy. In the second quarter of 2024, the real disposable income of Russians grew by 9.6% in annual terms.

At the same time, as follows from the statistics, corporate profits decreased by 2.1%, to 17.7 trillion rubles. This trend may be related to sanctions and reorganization of logistics chains, said Director General of GC "Tekhzor" Andrei Borodkin. Also, the pressure is exerted by the rise in the cost of loans due to the key rate, said Ravil Akhmadeev, associate professor of the Department of State and Municipal Finance of Plekhanov Russian Economic University.

Earlier, November 5, it was reported that the most shock-resistant sectors of the Russian economy include oil and gas, coal and paper. This is stated in a study of the Russian Academy of Sciences. At the same time, according to experts, non-ferrous metallurgy, chemical and woodworking industries, as well as light industry have average stability. Machine-building has a low level.

Prior to that, on October 28, Russian President Vladimir Putin noted at a meeting on economic issues that the Russian economy continues to grow. Thus, according to the Ministry of Economic Development, GDP added 4.2% in January-August.