The ex-subsidiary of Bunge in Russia increased its net profit by almost 1.7 times year-on-year
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The net profit of the Russian former subsidiary of Bunge in 2022 increased by almost 1.7 times, to 3.2 billion rubles. The company’s revenue for the year amounted to 31.396 billion rubles. against 30 billion rubles. in 2021 This was reported Interfax with reference to company reports.
The Russian “daughter” of Bunge owned the brands of vegetable oil “Oleina” and Ideal. Bunge began to reduce its presence in Russia in 2021. Then the company sold the Rostov grain terminal with a capacity of 700 thousand tons per year. In September 2022, the company announced that it would sell an oil plant in the Voronezh region to ExOil Group. The deal was closed in February 2023.
More details – in the publication “Kommersant” “The sale went like an oilseed”.
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