Rusagro’s IFRS net profit soars to 19 bln rbl in January–September

MOSCOW, Nov 16 (PRIME) -- The net profit of Russian agricultural holding Rusagro more than tripled on the year to 19.018 billion rubles in January–September from 5.612 billion rubles in the same period of 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Revenue of the company increased by 9.8% on the year to 108.762 billion rubles in January–September, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soared by 72.9% to 20.739 billion rubles.

For further details, see the company’s statement on its official website:

https://www.rusagrogroup.ru/fileadmin/files/reports/en/pdf/3Q20_Eng_Press_release.pdf

(77.3262 rubles – U.S. $1)

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