World meat industry news

At the end of July 2020 Cherkizovo Group was granted the status of a supplier to the United Nations (UN), the company informed.

The company completed registration on the UN's Global Market official procurement portal and can now supply products for UN programs, including the World Food Programme.

PJSC Cherkizovo Group (tax number: 7718560636) is an agricultural producer developing an integrated production business from feed-stuffs to ready meat products. The group comprises integrated poultry farms, pork production facilities, meat processing plants, feed mills and elevators. Cherkizovo's beneficiaries are Igor Babaev and his family.

IFRS net profit of Cherkizovo for Q1 2020 decreased by 6.1% to RUB 3.005 billion from RUB 3.201 million a year earlier. Adjusted net profit decreased by 36.6% to RUB 1.3 billion versus RUB 2 billion. Revenue increased by 13.1% to RUB 30.164 billion from RUB 26.681 billion. Gross profit went up 22.5% to Rub 8.791 billion from RUB 7.179 billion. Adjusted EBITDA increased by 23.9% to RUB 4.994 billion from RUB 4.032 billion.