August 29, 2014

Cherkizovo sees higher net profit of US$90 million during Q2 2014

 

Cherkizovo's net profit for the second-quarter of 2014 has increased near ten-fold from a year ago.

According to the Russian meat producer, the development comes as result of a favourable pricing environment and higher sales.

Cherkizovo made a net profit of US$90.2 million, compared to US$9.4 million in the second quarter of 2013. Sales rose 25% to US$495.7 million.