Miratorg Agribusiness Holding Increased Profits by 23,3% in 1H 2011
OREANDA-NEWS. August 25, 2011. According to International Accounting Standards, net profit of "Miratorg" Agribusiness Holding during the first six months of 2011 increased by 23,3% in comparison with the same period of year 2010 and totaled RUR 1,9 billion.
Revenue of Holding in the 1st half of 2011 totaled RUR 18,17 billion , which is 20,2% more than in the 1st half of 2010.
Earnings before Income, Taxation, Depreciation and Amortization (EBITDA) of "Miratorg" Agribusiness Holding during the first six months of 2011 increased by 3% in comparison with the same period of 2010 and totaled RUR 3,0 billion.
In the meantime, loan growth year-to date amounted to 4% , thus Net debt /EBITDA index worked out 3,6 against 3,7 for the same period of last year. Profitability according to EBITDA amounted 16,36% (in the first half of year 2010- 19,17%).
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