Cherkizovo Group announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue was RUB 20,391.1 million, adjusted EBITDA was RUB 2,617.9 million, operating profit of RUB 1,806.6 million, profit of RUB 1,242.9 million, net operating cash flow RUB 3,991.4 million.

For the nine months, the company reported sales of RUB 59,226,011,000 against RUB 56,018,779,000 a year ago. Operating income was RUB 3,579,363,000 against RUB 6,434,930,000 a year ago. Profit before income tax and non-controlling interests was RUB 2,273,246,000 against RUB 5,479,434,000 a year ago. Profit attributable to company was RUB 2,191,747,000 or RUB 50.0 per basic and diluted share against profit attributable to company of RUB 5,411,882,000 or RUB 123.4 per basic and diluted share a year ago. Net cash from operating activities was RUB 5,062,157,000 against net cash generating from operating activities of RUB 5,109,397,000 a year ago. Purchase of property, plant and equipment was RUB 6,619,138,000 against RUB 6,689,777,000 a year ago. Purchase of intangible assets was RUB 316,412,000 against RUB 172,413,000 a year ago. Consolidated adjusted EBITDA was RUB 5,345,557,000 against RUB 9,910,268,000 a year ago. Net debt amounted to RUB 38.4 billion, compared to RUB 30.7 billion at the end of 2015.

For the full year, the Company expects production and revenue growth across all segments, although the margins will be lower than last year following a challenging first quarter.