Moscow, Russia – October 10, 2018– Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for the September and the third quarter of 2018. Third quarter 2018 highlights: Chicken: Sales volume of 131.3 thousand tonnes remained on par with 3Q17 and the previous quarter and was positively affected by 7 thousand tonnes destocking in August. Average sales price increase of 12% y-o-y and 6% q-o-q was driven by Petelinka and Chicken Kingdom branded products, as we move up the value chain towards a higher share of branded value-added products, with a larger proportion of deboned,. Read more...
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