Rusagro half-year profit increased by 81% compared to 2020

In the first half of 2021, the company's net profit calculated in accordance with international financial reporting standards (IFRS) increased 1.8 times year-on-year to RUB 17.6 billion.

The adjusted profit of Rusagro Group LLC before interest, taxes and depreciation (EBITDA) in January-June increased by 1.9 times compared to the same indicator for the first half of 2020. Revenue increased by 44.6% to RUB 104.372 billion. The adjusted EBITDA margin for the year increased from 16% to 21%.

For Q2 2021, Rusagro's net profit year-on-year increased by 17.9% to RUB 11.074 billion, adjusted EBITDA by 58.8% (to RUB 10.95 billion), and revenue by 38.8% ( up to 54.439 billion rubles). The holding's gross profit for three months increased by 7.9% to 14.29 billion rubles. Profitability of production increased from 18% to 20%.

The Board of Directors of LLC Rusagro Group of Companies recommended that the Extraordinary Meeting of Shareholders approve the payment of interim dividends in the amount of $119.733 million.