You searched for "meat producer" (5 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...

Cherkizovo announces results of meeting

  • 17 Sep 10:38

Cherkizovo announces results of meeting Cherkizovo Group, the largest vertically integrated meat producer in Russia, announces the results of its Board of Directors meeting, which was held mid-September. Photo: Cherkizovo At the meeting, the Board of Directors took into consideration reports of Personnel & Remunerations Committee Chairman and Investment and Strategic Planning Committee Chairman, resolved on termination of participation and participation in other legal entities, and approved an interested party transaction. They formed four new sub-committees in the structure of Investment & Strategic Planning Committee of the Board: Cost Visibility and Data Capabilities. Read more...

Cherkizovo to invest $119 million in its Penza enterprises

  • 20 Aug 12:17

Cherkizovo to invest $119 million in its Penza enterprises One of Russia's largest meat producers Cherkizovo Group has announced it will invest up to 8 billion rubles ($119 million) in its enterprises in the Penza region in the next five years. In the Penza region, Cherkizovo is the largest agricultural investor, Russian agency Prime reports. The Cherkizovo founder Igor Babayev said during a press conference last week that the region is a strategic partner of the group. "When we started working in the Russian agrarian sector, we went seriously to the Penza region, we managed to do a lot, but most importantly, we brought the process of creating pig farms to perfection ... I believe that what is being done now. Read more...

Miratorg plans to invest $77 million in a new feed mill

  • 14 May 12:18

Miratorg plans to invest $77 million in a new feed mill Miratorg, Russia’s biggest feed and meat producer, has announced its plans to invest nearly 4.8 billion rubles (77 million dollars) in building a high-tech fodder plant in the Oryol region by the end of 2019. According to a statement released by the Russian company, the new feed mill will have a production capacity of 800 thousand tons of mixed fodder per year. Miratorg says the Oryol region has great business potential and is key to develop its interregional project for doubling its pig-breeding capacities. In the future, Miratorg plans to have 17 pig farms in this region, a grain company Elevator group, and also asset processing of plant raw material. Read more...