Atonline Limited has acquired shares in Russia-based Razgulay Group OJSC, the latter company informed.
As a result of this transaction, the Cypriot company has increased its stake to 5.52% from 4.47%.
Razgulay Group OJSC (tax number: 7721235763) is a national agricultural holding uniting three branches: agriculture, grain and sugar, along with a department for interaction with retail networks. The holding comprises 12 grain storages, 7 flour milling enterprises, 3 cereal factories, 10 sugar houses and a milk canning plant.
According to the DataCapital information retrieval system, RAS net profit of Razgulay Group OJSC for Q1 2014 fell almost 3 times to RUB 550 thousand from RUB 1.624 million the year before. Revenue increased by 0.06% to RUB 215.42 million from RUB 215.292 million, GP decreased by 10.4% to RUB 70.762 million from RUB 78.999 million. Sales profit grew 3.5-fold to RUB 7.754 billion from RUB 2.215 billion, pre-tax profit decreased 2.1 times to RUB 1.463 million from RUB 3.035 million.