КУРС ЦБ $ USD 92,5919 EUR 100,2704
00:00:00  00.00.0000
Москва 0 , 0м/с
Profit of Cherkizovo group for nine months has increased by half
Net profit of the Russian manufacturer of meat products "Cherkizovo" IFRS in January-September 2017 amounted to 5.65 billion rubles, having increased in annual terms by 158%, the company said
Подписаться на новости

"For the first 9 months of 2017, the net profit of the Group amounted to 5.6 billion rubles, an increase of 158% compared to the same period last year, when the figure was 2.2 billion rubles. Net margin for the first 9 months of 2017 increased to 8.5% compared to 3.7% for the same period last year", — stated in the financial statements of the company.

The company's revenue for the reporting period increased by 12% to 66.13 per billion.

"The main influence on the index had segments of pig breeding, poultry farming and meat processing, showing an increase compared to the previous year by 21%, 3% and 7% respectively, and mixed trends in comparison with the second quarter: -10%, -1% and +8% respectively. Average prices increased slightly over the past year and have not changed or slightly decreased compared to the previous quarter," notes "Cherkizovo".

In real terms the production of poultry meat for the first 9 months increased by 4% to 385,4 thousand tons, pork — by 13%, to 148.7 million tons. The volume of meat processing in the accounting period increased by 5% to 167.3 million tons.

The company's net debt since the beginning of the year increased by 28%, to 47.2 billion rubles.

In the third quarter, profit of "Cherkizovo" has made up 543 million rubles, having decreased in annual terms by 2.2 times. Revenue over the same period increased by 11.7 percent to 22.78 billion.

About company:

Group of companies "Cherkizovo" — one of Russia's largest producers of meat chickens, pork and processed meat products. The portfolio of Cherkizovo brands such as "Cherkizovo", "Pelinka", "Empire of taste". The structure of the company includes eight production complexes of a full cycle, 15 pig farms, six meat processing plants, and nine feed mills and more than 140 thousand hectares of farmland.

cherkizovo.com



Translated by service "Yandex.Translation"
Источники: Rambler News Service
Wednesday, 27 March 2024
Tuesday, 26 March 2024
Friday, 22 March 2024
Thursday, 21 March 2024
Wednesday, 20 March 2024
Tuesday, 19 March 2024
Monday, 18 March 2024
Thursday, 14 March 2024
Wednesday, 13 March 2024
Tuesday, 12 March 2024
Monday, 11 March 2024
Thursday, 07 March 2024
Wednesday, 06 March 2024
All news