Russian meat firm Cherkizovo's second-quarter earnings jump

MOSCOW Thu Aug 28, 2014 2:18am EDT

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MOSCOW Aug 28 (Reuters) - Russian meat producer Cherkizovo said on Thursday its second-quarter net profit rose almost ten-fold from a year ago thanks to a favourable pricing environment and higher sales.

The company made a net profit of $90.2 million, compared to $9.4 million in the second quarter of 2013, while sales rose 25 percent to $495.7 million, it said in a statement. (Reporting by Maria Kiselyova; Editing by Vladimir Soldatkin)