According to unaudited financial statement, in the third quarter of 2012 compared to the same period in 2011, net profit of Cherkizovo Group on US GAAP, increased by 64 % to 62.8 million, the company announced. In roubles this index rose by 79 %, up to 2 billion to 10.5 million roubles.
Revenue in the reporting period amounted to $394.5 million, up 3 % from a year earlier. In rouble terms, revenues increased by 11 % to 12.628 billion roubles. Gross profit increased by 22 % to 121.2 million dollars. Gross profit in rouble terms increased by 32 % to 3.880 billion. Operating income for the third quarter was 70.4 million, up 40 % year on year. In rouble terms, it increased by 52 %, up to 2.254 billion roubles.
Adjusted EBITDA increased by 26 % to 90.3 million and in rouble terms it reached 2.888 billion roubles, a 38 % increase year on year. Adjusted EBITDA margin in the period was 23 % compared to 19 % last year.
OJSC Cherkizovo Group was created in 2005, united as the single holding of two groups of companies — AIC Cherkizovsky and AIC Mikhailovsky. Cherkizovo Group is a vertically integrated
According to Russian Accounting Standards (RAS), in the first half of 2012 net profit of Cherkizovo Group was 144.131 million roubles compared with a net loss of $ 99.266 million roubles during the same period of 2011. OJSC Cherkizovo Group net profit on US GAAP in the first half of 2012 increased year on year by 56 % to 2.952 billion roubles, 96.3 million in dollars, an increase of 46 %. Consolidated revenues increased by 16 % in roubles and 9 % in dollar terms, reaching 22.956 billion roubles. (749.3 million dollars).