24 May 2016 12:55

Cherkizovo boosts revenue by 8% in Q1, posts 440.8 mln rubles in losses

MOSCOW. May 24 (Interfax) - The revenue of Cherkizovo Group to International Financial Reporting Standards (IFRS) in Q1 2016 rose by 8% year-on-year to 18.5 billion rubles, the company said in a statement.

Net losses amounted to 440.8 million rubles against profit in the amount of 2.948 billion rubles a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 76% to 725.4 billion rubles, EBITDA margin fell to 3.9% from 17.4% a year earlier.