Aquaculture contributes for Russian Sea Group to treble profits
Canned fish from Russian Sea Group. (Photo Credit: Russian Sea Group)
(RUSSIAN FEDERATION, 11/11/2014)
The largest Atlantic salmon and trout producer in the country, Russian Sea Group achieved a consolidated revenue amounting to RUB 13,204 million (USD 281 million) for the first nine months that ended 30 September 2014, representing an increase of 13.4 per cent year on year.
"Currently, we see a very important stage of Russian Sea Group development. The Group strategic focus on aquaculture business has been confirmed by the first sound results of the aquaculture segment, this year objectives were achieved, the Group has managed to cope with worsening economic conditions and import restrictions," pointed out Russian Sea Group CEO Dmitry Dangauer.
The firm reported the operating EBITDA during this period amounted to RUB 686 million (USD 14.6 million) compared to RUB 232 million (USD 4.9 million) in the same period last year, which is a threefold increase year on ye...
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