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1 March, Monday

Ufa   °

Unprofitable enterprises share exceeds 30 percent in Bashkiria

Economy/Business

The share of unprofitable organizations in Bashkiria amounted to 30.6% for 10 months of this year against 26.9% in January-October 2019.

The loss of unprofitable organizations in the republic increased to 33.9 billion rubles, or 94.2% compared to January-October last year, Bashstat reported.

According to statisticians, the balanced financial result (profit minus loss) of enterprises in the region, excluding individual entrepreneurs, banks, government agencies, and non-credit financial organizations, amounted to 109.2 billion rubles, or 49% compared to January-October 2019.

The total debt on corporate liabilities by the end of October amounted to 1221.3 billion rubles. Of this, overdue — 22.8 billion rubles, or 1.9% of the total debt.

Accounts receivable of organizations amounted to 758.9 billion rubles, overdue — 53.7 billion rubles. The share of overdue accounts receivable by the end of October accounted for 7.1%.

Galina Bakhshieva /translated by Tatiana Aksyutina
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