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Cherkizovo Group signs agreement with Moscow region

During a meeting with Andrei Razin, the Minister of Agriculture of Moscow region, PJSC Cherkizovo Group signed an agreement for cooperation in creating favorable conditions facilitating the development of exports, the company informed.

Under the signed agreement, the ministry undertakes to inform Cherkizovo Group on the development and public support for exports agricultural products, to provide available information on exports, to provide public support under the local government's program "Agricultural industry of Moscow region", as well as other support as necessary.

PJSC Cherkizovo Group (tax number: 7718560636) is an agricultural producer developing an integrated production business from feed-stuffs to ready meat products. The group comprises integrated poultry farms, pork production facilities, meat processing plants, feed mills and elevators. Cherkizovo's beneficiaries are Igor Babaev and his family.

IFRS profit of PJSC Cherkizovo Group for Q1 2018 grew by 55.1% to RUB 2.865 billion from RUB 1.848 billion the year before. Revenue increased by 4.6% to RUB 21.935 billion from RUB 20.971 billion, gross profit by 33.5% to RUB 7.532 billion from RUB 5.64 billion, operating profit by 46.5% to RUB 3.595 billion from RUB 2.455 billion. Adjusted EBITDA decreased by 27.1% to RUB 2.68 billion from RUB 3.675 billion.

"AK&M", 11.10.2018 12:43


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