Rusagro profits drop 53% in 2011
date:May 14, 2012
ng RUB11.8bn (US$396m) as of 31 December 2011. Total debt at the balance sheet date amounted to RUB31.9bn (US$1.07bn), up 64% compared with 31 December 2010.


Capex of Rusagro in 2011 reached RUB10.8bn (US$362m), which is 3.7 times higher than in 2010. In particular, RUB4.9bn (US$164m) was put towards the purchase of property and equipment in the companys agricultural business segment, RUB4.3bn (US$144m) towards the meat division, and RUB1.5bn (US$50m) towards sugar production.

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