date:May 14, 2012
g Cherkizovo and Miratorg, are considering the increase of meat production as essential. This will lead prices to fall to European levels, said Basov.
Revenue increased by 28% to RUB39.7bn (US$1.33bn). Gross profit decreased by 17% and adjusted EBITDA fell by 35% to RUB5.154bn (US$172.9m). The EBITDA margin dropped to 13% from 25% a year ago. Adjusted net income for 2011 totalled RUB3.092bn (US$103.7m), 40% lower than in 2010.
Net debt has increased by 37% since the beginning of 2011, reachi