ABH Miratorg Increased Net Profit by 35% within 9 Months 2011
OREANDA-NEWS. November 24, 2011. According to IFRS, net profit of ABH Miratorg increased by 35% within 9 months of 2011 in comparison with the same period of 2010, and amounted RUR 3,42 bln.
For accounting period, the volume of Holding consolidated proceeds increased by 12,4% and amounted up RUR 28,45 bln.
EBITDA index increased by 16% and made up RUR 5,44 bln, and profitability according to EBITDA increased from 18,53% to 19,30%.
Net debt /EBITDA index made up 2,5 against 3,5 for the same period of the last year.
"We managed to achieve such remarkable results thanks to successful implementation of plans on the increase of own production volumes. We anticipate the further increase of such factors as sale proceeds, net profit, EBITDA in the 4th quarter of 2011 as well as in 2012 , based on putting new productive assets of "Pig breeding" segment into operation, expansion of "Meat processing" segment production facilities and gain in sales in "Distribution segment", Vadim Kotenko, CFO of ABH Miratorg, pointed out.
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