Rocket and Space Corporation “Energia” in 2020 suffered billionth losses. It is reported by RIA Novosti with reference to the company’s statement.
Enterprise engaged in the production of spacecraft “Union” and “Progress”, in 2020 suffered losses in the amount of 5.3 billion rubles. The report states that due to losses in the amount of 5,366,836 thousand rubles RKK “Energia”, which is part of Roscosmos, recommended the annual general meeting of shareholders not to distribute net profit.
It is noted that the company closes with a loss of not the first year. If in 2019 the company’s profit amounted to 48 million rubles, then in 2018 the loss amounted to about two billion rubles. In 2017, Energia reported on profits in the amount of 1.2 billion rubles, in 2016 it was reported losses in the amount of eight billion rubles.
In particular, in May 2018, the RKK decided not to pay dividends to shareholders at the end of the previous year. The main part of losses is associated with the project “Sea Start”.
In April, two criminal cases were initiated against unspecified persons from the leadership of the Rocket and Space Corporation “Energia” after the embezzlement of 15.8 million rubles from Roscosmos.