14 Mar 2012 11:08

Cherkizovo group net profits up 2% at $147.8 mln for 2011

MOSCOW. March 14 (Interfax) - OJSC Cherkizovo Group, one of the leading meat and meat-product producers in Russia, increased its net profits 2% last year to $147.8 million, a company press release says.

In a consensus forecast compiled by Interfax, analysts reckoned the group's net profits for 2011 would be $161.8 million, or 12.3% more than 2010's $144 million.

Defined in rubles, net profits were down 1% at 4.344 billion rubles from 4.385 billion rubles in 2010.