You searched for "cherkizovo group" (10 results found)

Largest meat producer in Russia announces its IFRS results for the first half 2019

  • 23 Aug 08:42

Largest meat producer in Russia announces its IFRS results for the first half 2019 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the first half 2019. Secondquarter financial highlights · Revenue increased by 25.5% year-on-year (y-o-y) to RUB 29.0 billion. · Gross profit of RUB 7.4 billion declined by 23.8% compared to 2Q18. · Adjusted EBITDA* decreased by 7.3% y-o-y to RUB 4.1 billion. Adjusted EBITDA margin contracted to 14.0% from 19.0% in 2Q18. · Net profit declined to RUB 2.2 billion from RUB 5.8 billion in 2Q18. Adjusted net profit** amounted to RUB 1.3billion, compared to RUB 2.2 billion. Read more...

Cherkizovo Group announces operating results for July 2019.

  • 12 Aug 11:23

Cherkizovo Group announces operating results for July 2019. Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for July 2019. July 2019 July 2018 Change % y-o-y June 2019 Change % m-o-m Chicken Volume sold, thousand. Read more...

Russian meat giant acquired a 75% stake in Samson - Food Products

  • 9 Jan 10:13

Russian meat giant acquired a 75% stake in Samson - Food Products Cherkizovo Group is acquiring 75% of Samson – Food Products, a group of companies offering meat products under brands such as Samson, Grillmania, Fileya and others, for about RUB 350 million (€4.4 million) The company has signed a sale-purchased agreement to acquire 75% of St Petersburg-based Samson – Food Products (SFP). Cherkizovo said in a statement that the acquisition is approved by the Russian Federal Antimonopoly Service (FAS), the cost reaching RUB350 million, with ca. RUB550 million (€7.1 million) in debt to be assumed on top. The final price will be based on SFP’s performance in 2019. This deal is set. Read more...

Cherkizovo Group Announces Financial Results for the third quarter and 9 months of 2018

  • 16 Nov 08:42

Cherkizovo Group Announces Financial Results for the third quarter and 9 months of 2018 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the period ending September 30, 2018. Third quarter financial highlights Revenue increased by 10.7% year-on-year (y-o-y) to RUB 25.2 billion. Net change in fair value of biological assets amounted to negative RUB 1.4 billion in 3Q18, compared to negative RUB 1.0 billion in 3Q17. Revaluation of harvested crops in stock totalled RUB 0.8 billion from RUB 0.1 billion in 3Q17. Gross profit improved by 29.9% y-o-y to RUB 6.4 billion. Adjusted EBITDA* up by 65.4% y-o-y to RUB 6.0 billion. Adjusted EBITDA. Read more...

Mystery surrounds bidders for Russian meat giant

  • 22 Dec 09:15

Mystery surrounds bidders for Russian meat giant The quest to identify a buyer for Cherkizovo Group is intensifying, according. Read more...

Russian meat giant`s controlling family to buy more shares

  • 31 Jul 16:03

Russian meat giant`s controlling family to buy more shares Cherkizovo Group chairman consolidates company stake.The chairman of Cherkizovo Group, one of Russia’s largest meat processors, will consolidate his stake in the company by buying 21.3% of its shares, currently owned by Prosperity Capital Management, one of. Read more...

Russian meat giant to create up to 200 new jobs

  • 9 Jun 09:43

Russian meat giant to create up to 200 new jobs Multi-species meat processor Cherkizovo Group plans to create up to 200 new jobs this year as it prepares to become one of. Read more...

Huge meat plant to play key role in Russian turkey market

  • 1 Jun 10:41

Huge meat plant to play key role in Russian turkey market Cherkizovo Group’s turkey plant, run in a joint venture with Spain’s Grupo Fuertes, hit full capacity this week and company executives hope to. Read more...

Russia-fire-kills-thousands-of-pigs

  • 12 Sep 10:03

Russia-fire-kills-thousands-of-pigs Thousands of pigs burn to death on Russian farm.A fire at a pig farm run by Cherkizovo Group has killed nearly 10,000 piglets, according to a statement. Read more...

Cherkizovo Group Begins Tambov Turkey Project Construction

  • 22 Sep 10:33

Cherkizovo Group Begins Tambov Turkey Project Construction Cherkizovo Group and Grupo Fuertes have launched the first phase of construction of the facilities for the Tambov Turkey project.The first phase of construction includes 4 buildings at rearing facility No. 3, 12 buildings at fattening facility No. 3 and a modern hatchery with capacity of 5.9 million eggs per year. It will be the most important processing facility in the production chain of high-quality turkey meat, and will allow complete independence from outside supplies of turkey chicks and provide the required number of birds per day. The grand opening of the company's new facilities in Pervomaisky District of Tambov Region included official events attended. Read more...