Share this article

Ros Agro, the UK-listed holding company behind Russian sugar-to-mayonnaise maker Rusagro Group, has reported a jump in nine-month profits.

Net profit for the period to the end of September stood at RUB12.62bn (US$265.6m), up sharply from the RUB1.88bn generated last year.

Operating profit reached RUB11.92bn, compared to RUB1.82bn a year earlier.

Ros Agro booked a RUB9.39bn gain on the revaluation of biological assets and agricultural produce. Last year, it enjoyed a gain of RUB2.39bn.

Gains from trading sugar derivatives were also more than double than that achieved in the first nine months of 2013, hitting RUB293.9m, versus RUB124.3m a year earlier.

The group enjoyed a 79% jump in sales to RUB41.39bn, with sales rising across all of its divisions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

CEO Maxim Basov said: “The company performed well in all business segments. The company expects to reach the highest annual EBITDA and net income in its history.”

Click here for the full statement.