Myasomolprom Ends 3rd Quarter of 2012 with Net Loss of Br 135 Billion
OREANDA-NEWS. December 14, 2012. Belarusian meat and dairy group Myasomolprom incurred a net loss of Br 135.372 billion in January-September 2012 (USD 15.87 million at the NBB exchange rate) against a net profit of Br 179.033 billion in January-September 2011 (USD 46.19 million), report the official statistics.
The return on sales of goods and services fell 62.8% in January September down to Br 96.825 billion (USD 11.351 million, Br 8530/USD 1).
The profitability of Myasomolprom companies decreased 5.4-fold down to 1.8%.
Myasomolprom revenues rose 2.04-fold on the year up to Br 5.445 trillion (USD 638.335 million).
The output of Myasomolprom group of companies in January-September 2012 totalled Br 4.826 trillion (USD 565.768 million). As of October 1, the stock of ready goods made Br 186.559 billion (USD 21.871 million) which accounts for 35.3% of the average monthly output.
Fixed capital investments fell 2.9% on the year down to Br 441.503 billion (USD 51.759 million).
Myasomolprom group consists of 11 companies, including a managing company, two meat processing plants and eight dairy companies.
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