Date: 7 months ago   Category: Finance

VEB in the III quarter got profit against a loss the previous year — Rambler News Service


The net profit of VEB according to IFRS in the third quarter 2018 was 6 billion rubles against a loss of 61.9 billion rubles the previous year, follows from the reporting of state corporation. Following the results of nine months of this year the loss of VEB decreased by 1.6 times and made 69.6 billion rubles. Net interest income in January-September was 47.9 billion rubles. Assets of VEB since the beginning of year grew by 0.03% to 3.4 trillion rubles. In February the former head of VEB Sergey Gorkov said that the state corporation following the results of 2018 plans to get net profit under RAS of several billion rubles. In July the Russian Prime Minister Dmitry Medvedev approved new edition of the memorandum of financial policy of VEB. In it it is said that the state corporation has to act on the basis of the principle of profitability, without taking part in unprofitable projects.

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