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Rusagro Q2 net profit falls by 78% to 1.745 bln rubles

According to the company, net profit was affected by the revaluation of biological assets and agricultural products

MOSCOW, August 5. /TASS/. Rusagro net profit under IFRS in the Q2 2024 decreased by 78% year-on-year to 1.745 bln rubles ($20.57 mln), the company said.

Net profit in the first half of 2024 decreased by 74% to 3.485 bln rubles ($41.09 mln). According to the company, net profit was affected by the revaluation of biological assets and agricultural products.

Rusagro revenues increased by 20% to 70.734 bln rubles ($834.03 mln), while its adjusted EBITDA decreased by 23% to 6.499 bln rubles ($76.69 mln).

According to the results for the first half of the year, revenues increased by 30% to 139.043 bln rubles ($1.64 bln), adjusted EBITDA decreased by 12% to 13.802 bln rubles ($162.88 mln). Net debt as of June 30 amounted to 61.623 bln rubles ($727.23 mln).

Rusagro is one of Russia’s top agribusinesses, with leading positions in sugar production, pig farming, production of crops, oil, and fats. The group owns 685,000 hectares of land.

The company sells its products in over 80 Russian regions and in more than 49 countries around the world.

European gas prices rise by 21% in November

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UK continuing arms supplies to Kiev fraught with conflict of nuclear powers — diplomat

Andrey Kelin noted that "the British have utterly ignored all our warnings and opted for escalatory actions to further worsen the Ukrainian crisis"

Putin believes that US President-elect Trump’s life may be in danger

Donald Trump survived two assassination attempts this year: one during a campaign rally in Pennsylvania in July, and the second one in September, when a radical supporter of aid to Ukraine opened fire near Trump’s Mar-a-Lago residence in Florida

Paris grants Netanyahu immunity for Lebanon ceasefire role, French magazine says

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Putin signs law on taxation of digital currencies

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IN BRIEF: How Russia responded to Kiev’s strikes deep into its territory

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Russians wipe out three Ukrainian strongholds, over 20 Azov fighters in advance on Kharkov

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Russian football chief disappointed national team left off 2026 World Cup draw list

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North Korean leader Kim Jong Un meets with Russian defense minister — KCNA

"Kim Jong Un said that Korea-Russia relations are a strong security mechanism that facilitates the prosperity of the peoples in the two countries, alleviates the situation in the region and guarantees international strategic stability," the news agency said

Russia works on transforming '3+3' platform into organization — senior diplomat

Mikhail Galuzin stressed that the '3+3' regional cooperation platform is important for harmonizing the interests of all countries of the region

Syrian government army hits militants’ positions in southern Idlib — newspaper

According to Al-Watan, Syrian forces targeted militants’ positions in the al-Ruweiha, Khan al-Sabil, and Maardabsa, as well as in the Jebel al-Zawiya mountainous area in southern Idlib and the city of Mareya north of Aleppo

Kim Jong Un, Russian defense minister discuss development of partnership — KCNA

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FACTBOX: What to know about attacks of militants on Syria’s government forces

Britain’s MI6 chief admits London's involvement in covert operations in Ukraine

According to Richard Moore, the cost of supporting Kiev was "well known"

Root causes need to be addressed to settle Ukrainian conflict — Kremlin spokesman

"Everything here is much deeper than a decision to send a peacekeeper mission," Dmitry Peskov said

Borrell calls for preventing consolidation of whole world against West

The EU diplomatic chief once again tried to portray Russia as an "imperialist" power that allegedly poses "an existential threat" to the EU, if the EU wishes to achieve victory in Ukraine

Putin slams election mudslinging against Trump’s family as 'vile'

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Hungarian PM sounds alarm over presence of US, French troops in Ukraine

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Ukraine demolishes buildings with soldiers inside as Russian forces advance — DPR leader

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Belarusian President Lukashenko points to 'NATOfication' of Europe, entire world

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Hezbollah to coordinate moves with Lebanese military as part of ceasefire

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Defense Minister notes active expansion of Russia-North Korea military cooperation

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Syrian army eliminates hundreds of terrorists, repelling their attack on Aleppo, Idlib

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Georgian riot police disperses protesters in central street

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Lavrov clarifies Russia's position on Ukraine crisis to foreign diplomats — MFA

"Participants in the roundtable exchanged views on the conflict and other pressing international topics," the ministry stated

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Russian Embassy in Argentina monitors situation with malfunctioning ocean liner

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Kiev's defeatist rhetoric may be masking planned attacks on Russia — expert

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Western analysts describe Russia's Oreshnik as longest-range weapon ever used in Europe

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Hungary greenlights pouring of first concrete in Paks-2 NPP foundation — MFA

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Aeroflot reports difficulties with purchases, returns of tickets

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Serbia lauds development of bilateral ties with Russia — Serbian parliament

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Ukrainian forces follow Russian troops’ example to use fiber optics drones, Putin says

The head of state is confident that there will be a quick response from the Russian side

Decision-making centers in Kiev could be targeted in Oreshnik strikes — Putin

The Russian leader also mentioned military facilities and defense industry enterprises as possible targets

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Russian aerospace forces eliminate at least 20 militants in Syria’s Aleppo, Idlib

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Leonardo booking system’s functionality restored — Rostec

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Medvedev says Zelensky's fate won't be pretty if Ukraine faces second Maidan

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Hungarian PM’s office rules out his trip to Moscow for 80th anniversary of Victory

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Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

West deploying troops to Ukraine to up ante in fight with Russia — senior diplomat

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Ukrainian army says desertion main reason for loss of Ugledar

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Russia’s top diplomat slams NATO for discussions of preemptive strikes on Russia

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Ukrainian servicemen abandon military units due to fear of Russian army — official

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Riot police fully clears square in front of Georgian parliament from protesters

The protesters moved up Rustaveli Avenue

Russia against sending OPCW reps to probe into chemical incidents in Ukraine — diplomat

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Oreshnik becomes serious problem for Ukraine — Polish general

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Putin apologizes to Merkel over labrador incident

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Russia not going to leave strikes deep inside country unanswered — Putin

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Scholz shares details of talks with Putin, Zelensky says

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Israel prohibits residents of 60 villages in southern Lebanon from returning home

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West refuses to accept proof of Ukraine’s use of chemical weapons — Russian envoy

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Syrian government forces attacking terrorist headquarters in Idlib, Al-Dana — media

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