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Ros Agro Q3 profit climbs YOY

Ros Agro PLC said its third-quarter normalized net income amounted to 26.17 Russian rubles per share, an increase from 10.39 rubles per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.08 billion rubles, an increase from 1.22 billion rubles in the year-earlier period.

The normalized profit margin rose to 17.3% from 8.3% in the year-earlier period.

Total revenue grew 20.5% year over year to 17.77 billion rubles from 14.74 billion rubles, and total operating expenses rose 14.8% year over year to 15.72 billion rubles from 13.70 billion rubles.

Reported net income grew 74.3% from the prior-year period to 10.81 billion rubles, or 91.82 rubles per share, from 6.21 billion rubles, or 52.69 rubles per share.

As of Nov. 23, US$1 was equivalent to 65.65 Russian rubles.