Rusagro’s IFRS net profit plummets 60% to 5.563 bln rbl in 2017

MOSCOW, Mar 19 (PRIME) -- The net profit of Russian agricultural holding Rusagro plummeted about 60% on the year to 5.563 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Revenue fell 6% on the year to 79.058 billion rubles in 2017.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 23% to 13.955 billion rubles.

(57.4942 rubles – U.S. $1)

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