Russian Post’s losses are estimated at 24.5 billion rubles. The newspaper reported this “Vedomosti” Referring to the audit results of the Federal Treasury.
The publication writes that the cause of global financial losses are internal reasons for the group’s unprofitability, which are the result of ineffective decisions of managers.
In addition, the ineffective organization of the retail sector and non-fulfillment of the sales plan led to a profit deficit of 10.2 billion rubles. Another reason for the losses was an increase in the wage fund of the management apparatus by 13 and group subsidiaries by 186%, as a result of which the company lost 13 billion rubles. And the construction of ten logistics centers cost the company 21.9 billion rubles.
Financial losses also resulted from revenue losses due to improper operation of the IT system, unprofitable acquisitions, unprofitable projects (e.g. parcel terminals) and management of expensive headquarters.
Alexander Khinshtein, chairman of the State Duma Committee on Information Technologies and a member of the board of directors of the Russian Post, called such spending “rudeness”.
Possible way out of Russian Post’s difficult financial situation To see is to shift the payment of state-owned company debts to National Welfare Fund (NWF) funds. According to the publication, the total volume of long-term liabilities of Russian Post exceeds 111 billion rubles. 14-15 billion rubles are spent annually to pay these debts. At the same time, the budget deficit of the state company is over 20 billion rubles.
Previously the largest retailers in the Russian Federation spoke In exchange for an infrastructure payment in favor of Russian Post.