Rusagro's net profit for the first 9 months of 2024 fell by 50% to 19.398 billion rubles ($215 million) compared to a year earlier. Revenue increased by 21% to RUB 215.26 billion ($2.387 billion). Adjusted EBITDA decreased by 20% to RUB 24.4 billion ($271 million). This is stated in the company's message.
Rusagro Group is controlled by Ros Agro PLC, registered in the Republic of Cyprus. Rusagro Group of Companies is one of the largest vertically integrated agricultural holdings in Russia. The Group is involved in sugar production, fat and oil business, pig farming and crop production.
Ros Agro PLC's net profit for the first half of 2024 decreased by 74% to 3.48 billion rubles ($38 million) compared to a year earlier. Revenue increased by 30% to 139 billion rubles ($1.55 billion), adjusted EBITDA decreased by 12% to 13.8 billion rubles ($152 million).
