Sady Pridonya juice maker ups net profit 20% in 2012
VOLGOGRAD. April 4 (Interfax) - OJSC National Food Group Sady Pridonya, a Russian juice manufacturer, boosted net profit to Russian Accounting Standards (RAS) 20.4% in 2012 to 379.18 million rubles, the company reported.
Sales revenue climbed 13.3% to 8.52 billion rubles.
Sady Pridonya indicators (thsd. rubles):
| 2012 | 2011 | |
| Sales revenue | 8 523 028 | 7 520 600 |
| Cost of sales | 4 983 246 | 4 383 154 |
| Gross profit | 3 539 782 | 3 137 446 |
| Operating profit | 1 196 588 | 854 429 |
| Profit before tax | 491 952 | 416 282 |
| Net profit | 379 178 | 314 973 |
Receivables amounted to 1.46 billion rubles on December 31 2012, compared to 1.04 billion rubles on the same date in 2011. Payables increased to 1.47 billion rubles from 1.04 billion rubles.
The Russian Juice Manufacturers Union says Sady Pridonya saw its share of the Russian juice market grow to 9% in 2012 from 6.7% in 2011. It is second only to PepsiCo, which had a market share of over 40% in 2012 and Coca-Cola with 24%.
The majority shareholder of the group is OJSC Sady Pridonya, whose beneficiary is the group's president, Andrei Samokhin.
