Miratorg posts FY 2009 net income of 2.1 billion roubles

Miratorg posts FY 2009 net income of 2.1 billion roubles
Russia’s biggest pork producer, and major meat producer, Miratorg, has posted a FY 2009 net income of 2.1 billion Roubles under IFRS.

The bottom line was up by 100% year on year from the FY 2008 net profit of 1.06 billion roubles, with FY EBITDA up by 51% to 4.5 billion roubles, on the back of a 15% rise in revenues 32.3 billion roubles.

In its posting the company attributed the result to a halving of foreign exchange losses from 2008 to 351.9 million roubles.