Synergy ups consolidated revenue 5.7% to 26.7 bln rubles in 2012
MOSCOW. April 8 (Interfax) - OJSC Synergy, one of the leading producers of alcoholic beverages in Russia, increased its consolidated revenue by 5.7% to 26.664 billion rubles in 2012, according to the company's materials.
According to the consensus forecast, consolidated revenue was supposed to total 26.564 billion rubles.
Net profit grew to 1.702 billion rubles, compared to 1.661 billion rubles the year before. The consensus forecast put this figure at 1.662 billion rubles.
Gross profit grew 23% to 11.012 billion rubles in 2012, and operating profit rose 10% to 3.123 billion rubles.
Revenue from alcohol production and sales increased 2% to 22.205 billion rubles. Revenue in the food segment soared 26.4% to 5.036 billion rubles.
Basic earnings per share jumped 12% to 84.87 rubles.
As reported, Synergy ramped up alcohol shipments by 4% to 140 million liters last year. In Q4 alone, sales totaled 49.9 million liters, up 2% year-on-year.
Synergy produces alcoholic beverages at seven factories - Traditsii Kachestva, Alviz, Room, Uralalko, Mariinsky, Ussuriysky balsam and Khabarovsky. Its primary vodka brands are Beluga, Myagkov and Belenkaya.
The company's main owners are Alexander Mechetin and Valentin Zavadnikov.
In H1 2012, Synergy conducted a buyback, purchasing around 7% of its shares from the market for almost 1 billion rubles. This year, shareholders approved another buyback worth 5% of charter capital. Synergy is acquiring the shares between April 15 and May 20.
Synergy has charter capital of 2.567 billion rubles divided into 25.67 million shares, par value 100 rubles each.