Rusagro shared investment plans for 2022
17 November 2021
Rusagro, a Russia-based agroholding, reports to have invested $122 million in business development during nine months of 2021. Until the end of 2021, the company wants to raise this figure up to $274 million. Next year, Rusagro plans to allocate over $270 million for the development of meat and fat-and-oil segments, as well as for the acquisitions of farmland and machinery.
Rusagro received net profit of $485.6 million within nine months of 2021, a 130%-increase as compared to the same period last year. Its revenue rose 45% to $2.16 billion, and adjusted EBITDA grew 52% to $421 million.