Miratorg posts FY 2009 net income of 2.1 billion roubles

Russia’s biggest pork producer, and major meat producer, Miratorg, has posted a FY 2009 net income of 2.1 billion Roubles under IFRS.

The bottom line was up by 100% year on year from the FY 2008 net profit of 1.06 billion roubles, with FY EBITDA up by 51% to 4.5 billion roubles, on the back of a 15% rise in revenues 32.3 billion roubles.

In its posting the company attributed the result to a halving of foreign exchange losses from 2008 to 351.9 million roubles.