RUSSIA: Meat firm Cherkizovo sees "extremely challenging" Q1
Russian meat manufacturer Cherkizovo Group has seen operating profit halve during the first quarter as margins were hit by "historically high" grain costs and declining pork prices.
Russia's Cherkizovo posts Q1 net loss of $0.6 mln
Russian meat producer Cherkizovo said on Friday it had a net loss in the first quarter as high grain prices and low pork prices weighed on its results.
RUSSIA: Cherkizovo Q1 sales volumes up in all units
Russian meat processor Cherkizovo has recorded sales volume increases in all of its divisions in the first quarter of fiscal 2013.
RUSSIA: Meat group Cherkizovo buys plant
The UK-listed group said today it had acquired a plant in the town of Dankov in Russia's Lipetsk region around 300km south of the Russian capital.