Profits rose to $120.2 million last year, up from $78.1 million a year ago, the company said in a statement. Sales increased 12 percent to 32.4 billion rubles ($1.09 billion), up from 28.9 billion rubles a year ago.
"Our outstanding results in 2009 allow us to call last year the most profitable for the company," CEO Sergei Mikhailov said in a statement. "It is highly important to note that we managed to achieve these results in a difficult macroeconomic situation."
An increase in efficiency allowed the company to reduce its operational expenses by 20 percent, the company said, which also contributed to the upturn in net profits.
Cherkizovo boosted pork production by 38 percent to 53,800 metric tons, compared with 39,000 metric tons in 2009, which boosted sales in the segment 24 percent to $139.9 million.
Cherkizovo, which currently operates five hog lots, announced last month that it would buy two more piggeries in the Penza and Lipetsk regions from a company owned by Cherkizovo's main shareholders, Igor Babayev and his family. The acquisition is expected to raise pork production by 30 percent.
Sales of processed meat products fell 10 percent to 130,000 metric tons, a figure that beat the sector as a whole, which saw a 20 percent fall in sales, the company said.
Poultry production remained at the same level of 184,300 metric tons in 2009 compared with 2008, while sales decreased 7 percent to $470.1 million compared with $505.2 million in 2008.
Last year, Cherkizovo expanded the capacity of its poultry farms in Bryansk and Penza, a move that it expects to boost its poultry capacities 40 percent by 2012.
Cherkizovo Group employees have held a volunteer event supported by the Ray Foundation for Helping Homeless Animals. They brought food, medicines and other useful supplies to two Moscow shelters and helped with dog walking.
Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.
Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.
Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.