OJSC Cherkizovo Group (RTS: GCHE) will publish its US GAAP financial results for January-September 2011 on December 1, 2011, the company said in a statement.
The group unites seven meat-processing enterprises (Moscow, Penza, Ulyanovsk, and Rostov Regions, and Krasnodar Territory), four pork complexes, two poultry complexes, and a compound feed plant. During its May 2006 IPO on the London Stock Exchange, the group raised $251 million. Igor Babayev and members of his family control the group.
OJSC Cherkizovo Group's US GAAP net profit in the nine months of 2010 came to $104.4 million, up 26% year-on-year. The company's sales revenue went up by 20% to $877.7 million.
The company's first profit in the first half of 2011 went down by 11% to $66 million while sales revenue increased by 20% to $689.1 million.
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.
Cherkizovo Group, Russia’s largest meat producer, has once again been praised for the high quality of its products, with the Petelinka, Cherkizovo, and Pava-Pava brands winning two gold and three silver medals at Quality Guarantee 2023.