Russian Railways Report: Revenues are increasing, as are liabilities The main financial results of the state monopoly for three quarters look, at first glance, amazing: +18.4% in revenues (up to 2.72 trillion). In the third quarter alone, profits exceeded a trillion. Net profit according to RAS amounted to 75 billion rubles. (against a loss of 4.2 billion rubles a year earlier); The question arises: if the financial indicators are increasing, then why was it necessary to raise the rates ahead of time, which could harm almost all market participants and lead to a new wave of cargo leaving the railroads? The problem is that the debt burden remains high. The volume of long-term liabilities increased by 10% compared to the beginning of the year - from 3.17 to 3.51 trillion rubles. And those for the short term - by 16% (from 2.27 to 2.64 trillion rubles). Accounts payable jumped particularly sharply - from 1.16 to 1.63 trillion rubles. Let us also note the sharp increase in "debts" - doubling compared to the beginning of the year, from 259 to 517 billion rubles for current assets and from 490 to 762 billion rubles. in total. In general, the debt burden remains high, and the state monopoly is not struggling much. It seems that at the moment the privatization plans have failed. Perpetual Moscow Tower reported plans to cut a significant portion of the central mechanism, but nothing has been heard about the implementation. It seems to have gotten a little out of it. Labor costs increased compared to last year - from 642 to 684 billion rubles. That is, roughly at the level of inflation. And everything still falls on freight transport. Which provides not only most of the revenue (2.14 trillion rubles), but also, in fact, all the profit from sales (+480 billion rubles). And that's even before the rate increase. Charge flow in Telegram | at MAX.