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Cherkizovo Group announces operating results for December, the fourth quarter and full 2019

  • 16 Jan 09:07

Cherkizovo Group announces operating results for December, the fourth quarter and full 2019 Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for December, the fourth quarter and full 2018. Fourth quarter 2018 highlights: Chicken: Sales volume growth in 4Q18 was supported by the consolidation of Altai Broiler results, which added 5 thousand tonnes in December. Average sales price increased by 32% y-o-y and 13% q-o-q on the back of better sales mix with more products under Petelinka and Chicken Kingdom brand, as well as the further shift to the deboned and high value-added products, as well as supply cuts by other chicken producers. Turkey: JV Tambov Turkey sales volume of. Read more...