Cherkizovo Group Sees Profits Increase 70.5% In First Half
Cherkizovo Group, Russia's biggest vertically-integrated meat producer, recorded net profits of RUB 8.7 billion (€110 million) in the first half of 2018, up 70.5% from the same period a year ago.
The group released its interim results earlier this week for the period ending June 30, and added that its net profits in the second quarter alone were RUB 5.8 billion – an increase of 81.4%.
Its net operating cash flow decreased in the first half of the year by 25.9% to RUB 4.8 billion, falling by 13.4% in the second quarter.
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