Avangard published Q3 2012 financial and operating results
2012-11-26 16:37:02
According to the official information released by Avangard, company has increased its net profit to USD 156.9 M over the 9 months of 2012 which is a 42.9% increase compared to the same period of 2011. Net revenue of the company was 33.1% higher for the 9 months of 2012 compared to 2011, measured at USD 445.8 M. Company is planning to increase its production capacities of feeds in 2013, as a well as significantly increase its storage capacities by adding elevators.
AgroInvest comment: Avangard enjoyed increase in price for its main products, which combined with constant growth of production volumes and modernization resulted into successful year for the company.
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