Inarctica posts 27% rise in 2023 net profit to $168 mln

Business & Economy March 18, 12:58

Revenue gained 21% in the reporting period compared with 2022 to 28.5 bln rubles ($310 mln) amid growing sales

MOSCOW, March 18. /TASS/. Net profit of Inarctica, Russia’s biggest salmon farming company, under International Financial Reporting Standards (IFRS) rose by 27% in 2023 compared with 2022 to 15.5 bln rubles ($168.5 mln), the company reported.

"Net profit increased by 27% to 15.5. bln rubles," the report said.

Revenue gained 21% in the reporting period compared with 2022 to 28.5 bln rubles ($310 mln) amid growing sales. Gross profit went up by 38% to 21.2 bln rubles ($230.5 mln). Dividends paid grew by 18% to 3.9 bln rubles ($42.4 mln), the company added.

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