Gazprom tops list of biggest Russian companies

Gazprom tops list of biggest Russian companies
Russia's biggest companies.
By bne IntelliNews December 2, 2016

The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 400 largest companies. The 21 companies in the oil & gas sector making the Expert-400 list together accounted for nearly a third of net sales and nearly two-thirds of earnings. Profitability in the sector was supported by ruble depreciation that softened the impacts of falling oil prices.

Total net sales of Russia’s largest firms rose 13% last year to RUB61 trillion ($1 trillion). Net sales were up most in the chemicals industry (by nearly 30%) and most sluggish in the machine-building industry (up just over 2%). Machine-building also had the only money-losing firms, which were mainly in Russia’s struggling car industry.

The overall share of state-owned enterprises in the Expert-400 fell slightly to just under 40% in terms of net sales. Foreign firms accounted for just over 10% of large firm net sales. Most large foreign-owned firms operated in consumer sectors such as telecommunications and retail trade.

 

 

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