Rusagro's net profit for 2023 increased by 41.92 billion rubles

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AK&M 04 March 2024 11:39

ROS AGRO PLC's net profit for 2023 increased by 41.92 billion rubles (+618%) to 48.7 billion rubles ($571 million) compared to a year earlier. Revenue increased by 15% to RUB 277.33 billion ($3.25 billion), adjusted EBITDA increased by 26% to RUB 56.56 billion ($663 million). This is stated in the company's message.

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.

The net profit of ROS AGRO PLC for the first 9 months of 2023 increased 17.6 times to 38.5 billion rubles from 2.18 billion rubles a year earlier. Revenue decreased by 2% to RUB 178.2 billion from RUB 182.03 billion. Gross profit increased by 22% to 49.66 billion rubles from 40.59 billion rubles. Adjusted EBITDA amounted to 30.6 billion rubles against 35.37 billion rubles.