Support The Moscow Times!

Razgulai Profitable Again

Grain and sugar producer Razgulai Group returned to profit last year after prices advanced, the company said Monday.

Net income was 87 million rubles ($3.1 million), compared with a loss of 1.59 billion rubles a year earlier. Profit totaled 143 million rubles when accounting for non-controlling interests.

Razgulai's sales fell 18 percent to 23.8 billion rubles, while the margin on earnings before interest, tax, depreciation and amortization expanded to 18 percent from 10 percent, the company said in the statement. Debt was 24.9 billion rubles at year-end, down from 25.7 billion rubles a year earlier.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.