OREANDA-NEWS. July 12, 2012. According to IFRS, net profit of ABH Miratorg in the first quarter of 2012 was doubled in comparison with the same period of year 2011 and was total RUR 2,43 bln.

The substantial growth of this rate is stipulated  by the new pig complexes going to full power.

For the  reporting period, the volume of aggregated income of  ABH was increased by 4% in comparison with the same period of year 2011 and was total RUR 8,47 bln.

Earnings before interest tax, depreciation and amortization (EBITDA) was increased in comparison with the same period of year 2011 by 81% and was total RUR 3,04 bln.

The rate of  net debt/EBITDA ratio was improved during the reporting period to 3,0 in comparison with 4,9 in the first quarter of year 2011.

‘’Holding maintains high rates of production and financial parameters and systematically implements the strategy of development, strengthening the status of the largest Russian manufacturer of pork and compound feed. In the third quarter of year 2012, Miratorg plans to commission a number of new facilities, including four new sites of pig complexes in Kursk region with aggregated production capacity of 26,2 t of meat in live weight per year, hi-tech enterprise on semi-products processing in Kaliningrad region with production capacity of 60 thousand t per year as well as the third feed mill with production capacity of 360 thousand t and the volume of elevator one-time storage of  90 thousand t in Belgorod region. All the above will enable the company to strengthen its position of the largest Russian manufacturer of pork and compound feed, as well as the leading operator on the domestic food market’’- Vadim Kotenko, CFO ABH Miratorg pointed it out.?