Agro-industrial group "agro-Belogorie" increased its net profit in 2014 3.5 times until almost 6 billion on the background of the ban on the import of pork from the EU. This is stated in the message of the company.

Net profit showed multiple growth - 1,69 to 5.99 billion, of which almost 5.2 billion rubles of profit in pig production", - said in a release.

The turnover of the agro-Belogorie" all activities grew by almost 40% to 57.6 billion.

"This trend has been motivated by two major factors - the increase in production volumes and increased market value of products sold", - explained in the company.

Previously TASS reported that the Rosselkhoznadzor has banned the import of pork from the EU in January 2014 due to the spread of African swine fever (ASF) in the Union territory. Europe was a key importer of this type of meat in the Russian Federation. After the introduction of restrictions due to lower supply in Russia, the price of pork from domestic enterprises increased 2.4 times to 168,52 rubles per kg in January 2015 compared to January of 2014, according to the Ministry of agriculture of the Russian Federation. Market participants argue that the ban on imports of meat from Europe affected the situation is stronger than food embargo.

LLC "GC "agro-Belogorie" was created in 2007 in the Belgorod region. The main activities of the group include four sectors agriculture: industrial pig and dairy farming, crop and fodder production. Also in September 2014 the company has also announced plans to invest in the production of apples. The founder of the agricultural holding, Vladimir Zotov, according to "Spark", owns 95% of the share capital of the company.