OIL AND GAS DROP THE SHARE OF AGRICULTURE

Financial results of agricultural organizations in Russia. For Q1 2022, the net financial result (profit minus loss) of agricultural organizations (without SMP) in current prices amounted to 150.5 billion rubles. In the pair of Q1 2022/2021, profit increased by 14.4%.

In general, for the 1st quarter, the agribusiness showed a profit of 174.1 billion rubles, or +13.3% by the 1st quarter of 2021. Losses at agricultural enterprises amounted to 23.6 billion rubles. The growth of losses in the pair of Q1 2022/2021 was witnessed by 7.1%.

During the period in the general section of the net profit in the country among organizations (amounted to 7120.6 billion rubles), agricultural organizations took a share of 1.6%. The decrease in the share is due to significant revenue in the mining industries. So, coal mining gave a growth rate of 5.5 times, oil and gas by 2.2 times. The rate of profit growth of agribusiness: 114.4% against 131.8% in the whole market @agrorisk

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