September 1, 2011

Rusagro Group unveils H1 2011 operating results

Rusagro's H1 2011 meat division sales have reached 28,000 tonnes - 10% less compared with H1 2010 which is 31,000 tonnes.

The on-year decrease in volumes in 1H2011 is a result of the abnormal heat observed in summer 2010 which affected the livestock growth and pig fattening patterns.

The production of fodder for sale has increased by two thirds and reached 33,000 tonnes (20,000 tonnes in 1H2010 - 65% growth on-year). Sales volumes are equal to production volume.

The construction of Rusagro's meat complex in Tambov and expansion of existing facilities in Belgorod are going according to initial plans. The animal delivery to the facilities has been contracted and will be completed in accordance with the schedule (at the end of 2011).