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Ros Agro Q1 profit climbs YOY

Ros Agro PLC said its first-quarter normalized net income amounted to 21.45 Russian rubles per share, an increase from 6.41 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 2.53 billion rubles, an increase from 755.4 million rubles in the year-earlier period.

The normalized profit margin climbed to 20.0% from 6.8% in the year-earlier period.

Total revenue increased 27.5% on an annual basis to 14.12 billion rubles from 11.08 billion rubles, and total operating expenses rose year over year to 10.04 billion rubles from 9.67 billion rubles.

Reported net income increased 89.6% on an annual basis to 4.25 billion rubles, or 36.10 rubles per share, from 2.24 billion rubles, or 19.03 rubles per share.

As of May 25, US$1 was equivalent to 50.03 Russian rubles.