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Cherkizovo Reports 4% Rise in Poultry Sales During Q3/2017

27 October 2017

RUSSIA - Cherkizovo Group has announced its operating results for the nine months ended 30 September 2017, reporting a 4 per cent increase in sales volumes.

Poultry sales volumes from January to September 2017 increased by 4 per cent year-on-year to 385,373 tonnes of sellable weight compared to the same period last year where total sales volumes amounted to 372,070 tonnes. This rise is a result of growth in production, owing to improved operating performance.

The average price during the reporting period increased by 1 per cent year-on-year to 90.131 RUB/kg as a result of an increase in value-added products and brand name sales by 18 per cent and HoReCa sales by 1 per cent.

On a quarterly basis, third quarter sales increased by 1 per cent to 130,462 tonnes compared to the second quarter, due to growth in production. However, the average price during the corresponding period decreased by 2 per cent to 88.14 RUB/kg.

ThePoultrySite News Desk



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