Cherkizovo posts record profits

Pork production expands, poultry dollars fall

In 2009, Russian meat processor Cherkizovo reported a 54% increase to its highest profits ever of $120.2M, compared with $78.1M in 2008, according to The Moscow Times. Sales totaled $1.09B, a 12% rise from 2008. Operational expenses fell by 20%.

Cherkizovo produced 53,800 metric tons of pork worth $139.9M, a 24% sales increase. Poultry output, on the other hand, was about the same as in 2008 at 184,300 metric tons, and sales dollars fell 7% to $470.1M.

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