August 12, 2011
Royal Canin's subsidiary firmly raises earnings
JSC Roskan, Royal Canin's Russian subsidiary, increased its 2010 net profit by 33%.
According to Spark-Interfax, in 2010 net profit of JSC Roskan amounted to RUB290.9 million (US$9.86 million), against RUB218.6 million (US$7.41 million) in 2009.
Revenues have been equalled at RUB2.4 billion (US$0.08 billion) in 2009 to RUB3.1 billion (US$0.11 billion) in 2010.
Profit from sales rose to RUB596.4 million (US$20.21 million), as against RUB491.8 million (US$16.67 million) in 2009.
Royal Canin had constructed a plant in Russia (in Dmitrov, Moscow region) in 2004. The total investment was EUR12 million (US$16.99 million). Production capacities let to produce 40 tonnes of feed per shift, and about 22,000 tonnes per year.
Currently the plant management plans to further increase production output. "Today the animal feed market in Russia is experiencing a steady increase-this follows not only from the total production statistics, but also from data of the profits of the largest companies in our industry. In the nearest time we plan to attract investment for construction of additional production capacities" said a spokesman for JSC Roskan.