Rusagro’s profit for the first half of the year increased to 13.19 billion – Kommersant
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Rusagro Holding increased its net profit to RUB 13.19 billion in the first half of 2023. from 470 million rubles. a year earlier, according to Reuters, citing the company’s financials. Its revenue decreased to 106.5 billion rubles. from 127.2 billion rubles. last year, adjusted EBITDA fell 48% to RUB 15.6 billion.
According to the results of the second quarter, the profit of Rusagro amounted to 7.8 billion rubles, while in 2022 the company received a net loss of 1.49 billion rubles for the same period. Its revenue for the quarter decreased to 59.2 billion rubles. from 65.7 billion rubles. last year.
Adjusted EBITDA for this period fell by 38% year-on-year to RUB 8.5 billion. As of June 30, the company’s net debt amounted to 80.04 billion rubles.
According to the results of the first quarter, the net profit of the Rusagro Group grew by 176% year-on-year, to RUB 5.417 billion. or $74 million. At the same time, revenue decreased by 23%, to 47.395 billion rubles.
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