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Shareholders of Cherkizovo elected Board of Directors
At their EGM on September 30, the shareholders of OJSC Cherkizovo Group elected a Board of Directors, the company informed.
Yuri Dyachuk, Musheg Mamikonyan, Samuel B. Lipman Marcus James Rhodes, Sergey Mikhailov, Igor Babayev, Yevgeny Mikhailov were elected BOD members.
Cherkizovo Group (OJSC Gruppa Cherkizovo) 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). Besides, the Group produces feed-stuffs (2 mixed feed works) and sells its goods through its own three trading houses. The company is among the leaders in the Russian market, the brand portfolio including goods of leading trade marks such as Petelinka, Kurinoye Tsarstvo, Cherkizovskiy, Pyat' Zvezd.
The net profit of Cherkizovo as per US GAAP in H1 2011 decreased by 11% to $66 million against H1 2010. The revenue grew by 20% to $689.1 million, the GP by 4% to $169.7 million. In Q2 2011, the net profit increased by 15% year-on-year to $48.3 million. The revenue increased by 24% to $382.5 million, the GP by 18% reaching $106.1 million.
According to the information and retrieval system DataCapital, the net loss of Cherkizovo (RAS) in H1 2011 grew by 21.2% to 99.266 million Rub. from 81.917 million Rub. in 2010. The revenue decreased by 50% to 45.88 million Rub. from 91.296 million Rub., the GP 3.31-fold to 27.595 million Rub. from 91.296 million Rub., the sales profit 7.5-fold to 3.713 million Rub. from 27.825 million Rub. The loss before tax increased by 9.4% to 105.581 million Rub. from 96.509 million Rub.
Cherkizovo Group unveils its exclusive processed meat products
08 june 2023
Cherkizovo Group unveils its exclusive processed meat products
Cherkizovo Group is Russia's largest sausage producer with an assortment of over 200 items, including cooked and smoked sausages, dry sausages and a variety of deli meats under the flagship Cherkizovo and Cherkizovo Premium brands. The Company maintains a strong focus on developing new product recipes to cater to the needs of a diverse customer audience. Today, we will share insights into some of our most highly rated and remarkable products.
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.
