22 Aug 2013 13:07

Cherkizovo to release H1 US GAAP report Aug 30

MOSCOW. Aug 22 (Interfax) - OJSC Cherkizovo Group will be releasing its US GAAP financial report for the first half of this year on Friday, August 30.

Company management will host a conference call for investors and analysts on that day, Cherkizovo said in a statement.

In the first half of 2012, the company's consolidated sales revenues were up 9% year-on-year at $749.3 million and gross profits 23% at $208.6 million. Its gross profit margin was 28% versus 25% in H1 2011. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) had increased 38% to $146.4 million and the EBITDA margin to 20% from 15%. Company net profits for H1 2012 had jumped 46% to $96.3 million.