Ros Agro adjusted net profits fall 58%
2011-12-05 16:11:04
Russia food producer Ros Agro's adjusted net profits fell by 58% to RUB1,595m in the nine months to the end of September.
Sales were up 34% at RUB29,314m but gross profits fell by 39% to RUB4,409m and margins dropped to 15.04% from 33.5%.
Adjusted earnings before interest, tax, depreciation and amortisation fell by 65% to RUB1,748m.