Cherkizovo's net profit under IFRS for 2024 fell by 39.8% to 19.9 billion rubles from 35.05 billion rubles a year earlier. Adjusted net profit fell by 25.6% to RUB 20.35 billion from RUB 27.34 billion. This is stated in the company's message.
Revenue increased by 13.7% to RUB 259.28 billion from RUB 28.066 billion. Gross profit fell by 6.1% to 68.44 billion rubles from 72.92 billion rubles, operating profit – by 24.5% to 30.55 billion rubles from 40.44 billion rubles, adjusted EBITDA – by 4.7% to 46.35 billion rubles from 48.65 billion rubles.
Cherkizovo Group is a producer of meat products. The group's brands include Cherkizovo, Petelinka, Kurinoye Tsarstvo, Pava-Pava, and others.
Cherkizovo's adjusted net profit under IFRS for the first half of 2024 increased by 28.3% to 9.77 billion rubles from 7.62 billion rubles a year earlier. The net profit related to Cherkizovo Group amounted to 16.03 billion rubles against 16.65 billion rubles. Revenue increased by 20.4% to 123.8 billion rubles from 102.8 billion rubles, gross profit — by 18.5% to 39 billion rubles from 32.9 billion rubles, adjusted operating profit — by 56.5% to 15.3 billion rubles from 9.77 billion rubles, adjusted EBITDA — by 39.4% to 22.18 billion rubles from 15.9 billion rubles.
