... of the year. This directly affected the reduction in extraction costs and improved financial results (the tax exemption was granted to support Gazprom's investment program). Secondly, some cost savings may be linked to the optimization of operational expenses and the reduction of less profitable extraction projects in response to excess extraction capacities. Expenditures in other segments generally did not increase. Costs associated with rentals, processing, and other services remained close to last year's levels. Notably, some of Gazprom's business areas are still ...

... Income: RUB 20.4 billion, an increase from RUB 15.7 billion a year earlier. Total Operating Income: RUB 42.8 billion, down from RUB 53.5 billion the previous year. The decline in Sovcombank's net profit for the first half of 2025 is attributed to a reduction in interest income and rising expenses; however, the bank demonstrates growth in commission income, which partially cushions the drop in results. Dynamics of Interest Income and Expenses Interest Income: RUB 317.4 billion, a decrease compared to RUB 351.3 billion the previous year....

... specifically a reserve intended for emergencies. Why is it Important to Have a Financial Safety Net? Protection Against Unforeseen Expenses. Financial difficulties can arise at any moment, and a safety net allows you to address them without resorting to loans or credit. Stress Reduction. Knowing that you have a reserve of money for emergencies provides a sense of security and reduces anxiety. The Ability to Make Thoughtful Decisions. Having a safety net allows you to avoid hasty decisions in tough financial situations, such as looking for a suitable job instead of immediately accepting the first offer that comes ...

... income and number of employees. Right to VAT refunds. Under GTS, companies can claim VAT refunds, which is particularly relevant for organizations working with large corporate clients or exporting goods. Ability to account for all expenses. All verified expenses can be considered when calculating profit tax, allowing for a reduction in taxable base. Disadvantages of GTS: Complex reporting. GTS requires more complex accounting and reporting procedures, including VAT and profit tax declarations. High tax burden. GTS involves a profit tax (20%), VAT (usually 20%), and other taxes, which ...

... On one hand, a gradual easing of monetary policy may lead to moderate growth in interest income. On the other hand, lower rates could stimulate demand for loans and reduce pressure on borrowers, positively impacting asset quality and allowing for a reduction in reserve expenses. Bank management expects that the return on equity for the year will surpass 22%, assuming current trends and stable external conditions persist – in this case, 2025 could conclude for Sber with a new record profit. Conclusion for Investors ...