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MOSCOW, Aug 7 Revenue of Rostec State Corporation in 2022 increased by 2.5% compared to the previous year and amounted to 2.116 trillion rubles, the head of the State Corporation Sergei Chemezov at a meeting with Russian President Vladimir Putin.
The head of Rostec said that the state corporation made its first consolidated report in 2009, and then the revenue was 511 billion rubles, and the loss was 64 billion rubles.
» This year we have already reached such a figure as 2 trillion 116 billion rubles, up 2.5% compared to last year, but, unfortunately, our net profit has decreased significantly and amounted to only 39 billion, and last year was 165 billion,» Chemezov said.
He explained that such results are explained, first of all, by the presence of the state defense order: «the profitability is zero, and sometimes even negative.» “We cover the losses that we incur with civilian products, which, thank God, we already have today, and we can somehow raise the financial component in order to be in the black,” Chemezov continued.