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Cherkizovo 1Q Net Profit $31 Mln
Russian meat processor OAO Cherkizovo Group (GCHE.RS) Wednesday said local prices for pork and poultry have been rising strongly over the last couple of months, after falling in the first quarter of the year.
Some analysts had expected poultry prices to rise at the start of 2010, when Russia banned poultry rinsed with a chlorine solution that is commonly used in the U.S. Until then, the U.S. had supplied a large proprortion of the chicken legs and thighs consumed in Russia.
However, Cherkizovo said that poultry prices fell at the start of the year because Russian producers had stocked up, particularly on imported chicken, in the previous months.
Cherkizovo's statement on prices was included in its first-quarter financial results, in which the company reported a 29% year-on-year rise in revenue to $268.0 million and a 32% increase in net profit to $31.0 million.
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
01 june 2023
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, announces that Expert RA has upgraded its credit rating to ruAA- and revised its outlook from positive to stable.
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
29 may 2023
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
Cherkizovo Group and Smenka, a social initiative and YouTube show, have successfully completed a joint project to renovate school canteens. As a result of this collaboration, three canteens (two in the Penza Region and one in the Altai Territory) got a modern makeover, with schoolchildren now having an opportunity to eat in comfortable facilities and develop healthy eating habits.
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
25 may 2023
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
Crystal Cherkizovo, a volleyball club whose main sponsor is Cherkizovo Group, met children with cancer supported by the UNITY charity foundation to talk about the history of volleyball and play an exhibition game.
Cherkizovo Group unveils prospects for halal product exports
23 may 2023
Cherkizovo Group unveils prospects for halal product exports
Cherkizovo Group, Russia's largest meat producer, took part in the business program of the Russia – Islamic World: KazanForum, the key platform for economic cooperation between Russia and Muslim countries. The Company shared its vision of opportunities to expand halal product exports to the CIS and beyond.
