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BRIEF-Russia's Rusagro says Q3 net profit down 69 pct y/y
November 17, 2017 / 9:11 AM / a month ago

BRIEF-Russia's Rusagro says Q3 net profit down 69 pct y/y

Nov 17 (Reuters) - Russian farming conglomerate Ros Agro Plc (Rusagro) says:

* Q3 net profit at 2.86 billion roubles ($47.9 million), down 69 percent year-on-year;

* Q3 revenue at 17.07 billion roubles, down 2 pct yr/yr;

* Q3 adjusted EBITDA at 3.1 billion roubles, down 9 pct yr/yr;

* “Large fall in net income for the quarter year-to-year is a result of low valuation of agricultural crop.” Further company coverage: ($1 = 59.6822 roubles) (Reporting by Moscow Newsroom)

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