RG Brands Announces Y2012 H1 Operating Results
OREANDA-NEWS. August 13, 2012. JSC "RG Brands" (Almaty), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), provided to KASE the following press-release, reported the press-centre of KASE:
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- RG Brands 2012 1st Half sales climb by 11% to TENGE 15.9bn
- Total 6 month Gross Profit increased by 29% to TENGE 6.4bn
- Gross profit margin increased from 35% to 40%
- Total 6 month EBITDA increased by 25% to TENGE 2.3bn
- RG Brands confident of achieving its financial plans, approved for 2012
RG Brands continues to successfully execute its 3 Pillars of Growth Strategy in 2012 - New Product Development - Home Market Dominance – Territory Growth, achieving net revenue growth in first 6 months of 2012 of 11%.
The first half of 2012 was in line with expectations as a result of improved sales and marketing initiatives and a focus on higher margin single serve product growth and effective price management.
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