MOSCOW. Nov 17 (Interfax) - Sugar Company Razgulay , which is part of the same named agricultural holding, will increase its sales revenue this year by 37.5% and post around 400 million rubles in net profit, the company's CEO, Alexander Soldatov, told journalists on the sidelines of the conference "Agribusiness and Food Production of Russia organized by the Adam Smith Institute.
Soldatov said that the company's sales revenue this year would come to around 11 billion rubles, up from almost 8 billion rubles posted last year.
He forecast that the company's net profit would reach 300 million-400 million rubles this year, an improvement from the losses posted at the end of 2008.
Soldatov said that the increase in the company's financial results would be possible thanks to concise sales organization, which bears in mind trends on the sugar market. "We have organized so-called 'jagged sales' in order to sell the maximum amount of sugar on the market's growth," he said.
He said that total sugar beet procurement this year would come to 3.2 million tonnes, which is roughly equal to last year's figure. Of this amount, 1.5 million tonnes would go to the company's own sugar output.