Russia's Major Companies Report Profit Amid Crisis

The financial crisis has not affected the growth of the net sales of Russia’s leading enterprises during the year. The total revenue of all market members increased by 28.5 percent – to 31.6 trillion rubles and made up $1.072 billion. The total assets of Russia’s 500 companies gained 27 percent and increased to 56 trillion rubles over the year, Finance magazine wrote.

Gazprom, the natural gas monopoly, traditionally keeps the first place. Lukoil comes second. Russian Railways, the company that previously closed the top three, gave way to TNK-BP. Rosneft comes fifth. The list continues with Sberbank, Severstal, Surgutneftegaz, Evraz Group, and the top ten closes with Tatneft.

Gazprombank suffered the largest losses. Other companies on the negative list include X5 Retail Group, Alrosa, AvtoVAZ, RusHydro, Norilsky Nickel and several others.

In February, Finance magazine presented the list of Russia’s richest dollar billionaires. Entrepreneur Mikhail Prokhorov topped with list with $14.1 billion. Roman Abramovich came second with $13.9 billion. Vladimir Lisin, the holder of the control shareholder of Novolipetsk Steel (NLMK), came third with $7.7 billion.

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Author`s name Dmitry Sudakov