13 Mar 2013 11:35

Cherkizovo boosts net profit 66% to $225.2 mln in 2012

MOSCOW. March 13 (Interfax) - Leading Russian meat products concern Cherkizovo boosted net profit 66% to $225.2 million in 2012, up from $135.9 million in 2011, the company said in a press release.

Analysts told Interfax in a consensus forecast that 2012 net profit would equal $203.6 million.

In ruble terms, net profit rose 75% to 7.003 billion rubles.

Revenue in 2012 amounted to $1.582 billion, 7% more than in 2011. Analysts had forecast revenue to rise 7.5% to 1.584 billion.

In ruble terms revenue was up 14% to 49.2 billion rubles.