Financial results for the First Half Ending June 30, 2014
Moscow, August 28, 2014 - Cherkizovo Group (LSE: CHE; MOEX:GCHE), Russia’s leading integrated and diversified meat producer, announces its financial results for the period ending 30 June 2014.
Winter Crops Harvest 2014 – Targets Exceeded by 32%
Cherkizovo Group reports the completion of winter and spring wheat, barley, and peas harvesting. As of August 19, the Company harvested record 176 thousand tonnes from 32.2 thousand ha area in Voronezh, Orel, and Lipetsk Regions, which is 54% higher than the gross harvest of these crops in 2013. It is worth mentioning that the Group’s harvest in 2013 made up 175 000 tonnes, which means that even this level is already exceeded.
Cherkizovsky Changes its Name, while Preserving Quality
Cherkizovo Group’s flagship brand in the meat processing received an updated name and logo as of August 2014. Now all of the company’s sausage products, hams, delicatessen, vacuum packed chilled meat, and other products of the Cherkizovsky Meat Processing Plant will be called “Cherkizovo”. The logo placed on the products has also been updated.
Cherkizovo Group GDRs are admitted to trading on Moscow Exchange
Cherkizovo Group's Global Depositary Receipts have been admitted to trading on Moscow Exchange (MOEX) under the ticker "CHEG".