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Cherkizovo will not pay 2011 dividends
OJSC Cherkizovo Group will not pay dividends for 2011, the company announced after its Annual General Meeting held on June 29.
The shareholders approved the company’s financial and economic results for the 2011 fiscal year. Igor Babayev, Musheg Mamikonyan, Yevgeny Mikhailov, Sergey Mikhailov, Marcus James Rhodes, Vitaly Podolskiy, Samuel B. Lipman were elected members of the Board of Directors.
Cherkizovo Group (tax number: 7718560636) is a leading Russian manufacturer of meat and meat goods. The company’s operations are structured into three operating divisions: poultry (four integrated poultry-farming complexes), pork (seven large integrated pig-breeding complexes) and meat processing (seven meat processing plants). In addition to meat, the Group produces feed-stuffs (3 mixed feed factories) and sells its goods through its own three trading houses. The company is among the leaders in the Russian market and the brand portfolio includes goods with leading trade marks such as Petelinka, Kurinoye Tsarstvo, Cherkizovskiy, Pyat' Zvezd.
US GAAP net profit of Cherkizovo for Q1 2012 rose 2.1-fold to $39.3 million from $18.4 million for Q1 2011. Consolidated revenue increased by 16% to $357.8 million against $308.2 million for Q1 2011. Adjusted EBITDA increased by 74% to $60.8 million against $34.9 million for Q1 2011. Adjusted EBITDA margin increased to 17% from 11% in Q1 2011. In Q1 2011, net debt amounted to $775 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.
