OREANDA-NEWS. OJSC “Russian Sea Group” (the “Company” or the “Group”) announces its preliminary operational results for the 3Q and 9 months of 2013 based on unaudited management accounts.

The Group's operational results for the 3Q and 9 months of 2013 considerably exceed the last year indicators and confirm the correctness of the Group development strategy. In the reporting period the Company has demonstrated a significant sales growth as compared to the same period of the previous year. These results were achieved mainly due to a complex work conducted during the first half of the year. The consolidated revenue from continuing and discontinued operations for 9 months of 2013 increased by 2.1% as compared to 9 months of 2012 - from 11 676,9 million to 11 918,9 million rubles. Sales volumes remained practically at the same level.

The consolidated revenue of the Group from continuing operations for 9 months of 2013 increased by 20% as compared to the same period of the previous year and amounted to 11 340,8 million rubles. Sales volumes increased by 5,3% to 104 714,6 tons.

Chilled and Frozen segment

The segment's revenue increased by 19,1% in the 3Q 2013 as compared to the 3Q 2012 and amounted to 4 100,8 million rubles. Sales volumes decreased by 10,7% as compared to the same period of the previous year to 32 720 tons that resulted mainly from smaller purchase volumes of Far Eastern assortment in the 3Q 2013 due the lack of fish.

For 9 months of 2013 the segment's revenue increased by 20,7% as compared to the same period of the previous year - from 9 394,2 million to 11 337,8 million rubles. Sales volumes also exceeded last year result by 5,6% and amounted to 104 692 million rubles.

Aquaculture segment

Revenue for 9 months of 2013 amounted to 42,1 million rubles including 3 million rubles of external sales. The segment's sales both in volume and in value terms for 9 months of 2013 were below last year results. In the 1H of 2012 the Company was harvesting and selling fish of the season 2011. And in 2012 all fish of this year was harvested and sold till the end of 2012. At the same period of 2012 the Company was selling trout roe that contributed to revenue increase in 2012.

The main fish harvest of the year 2013 started in September and will last until the planned volume is sold.