OREANDA-NEWS. October 12, 2012. OJSC "Russian Sea Group" (the "Company" or the "Group"), one of Russia’s leading consumer food companies, today announces its revenue for the 3 quarter and 9 months of 2012 based on unaudited management accounts.

In million of Russian rubles

3Q 2012

3Q 2011

Change

3Q 2012/

3Q 2011

9M 2012

9M 2011

Change

9M 2012/

9M 2011

Consolidated revenue

4,055.5

3,861.7

5.0%

11,623.1

12,484.9

(6.9%)

Chilled and frozen segment

3,397.3

3,083.0

10.2%

9,348.7

9,777.3

(4.4%)

Ready-to-eat segment

654.1

778.7

(16%)

2,215.4

2,703.8

(18.1%)

Aquaculture segment

4.1

0

58.97

3.9

Consolidated revenue increased in the 3Q 2012 as compared to the 3Q 2011 by 5% to RUR 4,055.5 million. 9 months 2012 revenue amounted to RUR 11,623.1 million.

Chilled and frozen segment

Sales to external customers in chilled and frozen segment increased by 10.2% to RUR 3,397.3 million in the 3Q 2012 mainly due to salmon and trout sales growth in modern retail trade channel. Besides the Company increased sales of Russian (cod, mackerel) and imported pelagic fish (mackerel, capelin) as compared to the same period of the previous year. Regional sales also show positive dynamics.

Ready-to-Eat segment

Sales to external customers in ready-to-eat segment decreased by 16% to RUR 654.1 million in the 3Q 2012 from RUR 778.7 million in the 3Q 2011. Factors that contributed to further sales decrease in the 3Q 2012 were the same as in the first half of the year. However starting from August the Company increases sales of delicacy red fish in retail chains as a result of restored supply to some of them. Sales of salmon roe of new fishing season started. Other product categories, such as seafood, also show positive sales dynamics due to the new products ("Mediterana Grill") launch.

Aquaculture segment

In the 3Q 2012 sales to external customers were equal to RUR 4.1 million. At the end of September the fish harvest started at the Group’s trout farm in Karelia.