Net profit of "Russian aquaculture" according to IFRS for 9 months increased 2.2 times

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AK&M 03 December 2021 13:21

The net profit of "Russian Aquaculture" according to IFRS for 9 months of 2021 increased 2.2 times to 4.8 billion rubles. This is stated in the company's message.

Revenue increased by 73% to RUB 9.7 billion. Adjusted EBITDA reached 3.9 billion rubles, which is 52% higher than the indicator for the same period last year. The adjusted EBITDA margin was 40%. Biomass at the end of September 2021 amounted to 29.8 thousand tons compared to 22.3 thousand tons at the end of September 2020.

PJSC "Russian Aquaculture" (until February 18, 2015 - the Russian Sea Group of companies (TIN 7816430057)) is the management company of the group leading in the segment of Atlantic salmon and trout production in Russia. The key activities of the group under the management of the company include: commercial cultivation of Atlantic salmon in the Barents Sea in the Murmansk region; commercial trout cultivation in the lakes of the Republic of Karelia. Currently, the group under the management of the company owns the rights to 39 plots for salmon and trout cultivation. The total volume of potential cultivation in these areas is about 50 thousand tons of red fish.