MOSCOW, March 4. /TASS/. Net profit of Rusagro under International Financial Reporting Standards (IFRS) climbed seven-fold in 2023 compared with 2022 to 48.706 bln rubles ($533 mln), the agriculture holding reported.

Gross profit surged by 61% in the reporting period to 76 bln rubles ($833 mln).

Revenue amounted to 277.328 bln rubles ($3 bln), up by 15% compared with 2022. Adjusted EBITDA went up by 26% in 2023 to 56.56 bln rubles ($620 mln).

Net debt totaled 66.476 bln rubles ($728 mln) as of December 31, 2023.

One of Russia’s leading producers of sugar, pork and fat-and-oil products, Rusagro Group supplies products to over 80 Russian regions and more than 49 countries worldwide.