Cherkizovo’s Adjusted Net Profit Doubles In Third Quarter
Russia's biggest vertically-integrated meat producer, Cherkizovo Group, has reported a net adjusted profit of RUB 3.4 billion (€45 million) in the third quarter of its financial year, up from RUB 1.6 billion (€21 million) for the same period in 2017.
Last week, the group announced its results for the period ending 30 September 2018.
Adjusted EBITDA for the period was up 65.4% year-on-year to RUB 6 billion (€80 million), while net operating cash flow decreased 23.4% to RUB 2.6 billion (€35 million).
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