OREANDA-NEWS. April 09, 2008. Net income more than doubled (increased 109%) to US \\$61,6 million (2006: US \\$29,4 million), reported the press-centre of Cherkizovo Group.

Adjusted EBITDA increased 56% year-on-year to US \\$115,3 million (2006: US \\$74,2 million)

Adjusted EBITDA margin increased to 14% in 2007 from 12% in 2006

Group Gross profit increased 51% to US \\$223,8 million (2006: US \\$147,8m)

Gross margins increased to 27% in 2007 from 23% in 2006

Sales increased 33% to US \\$840,8 million (2006: US \\$631,6 m).

Based on the pro forma income statement (prepared as if the acquisition of OJSC Kurinoe Tsarstvo had occurred on 1 January 2007 rather than 28 August 2007): pro-forma sales of US \\$933,7 million, pro-forma adjusted EBITDA of US \\$131,3 million and pro-forma net income of US \\$69,1 million.

Full report see here: http://www.cherkizovo-group.com/page/releases/0/964.aspx