Russian subsidiary of Royal Canin firmly increases net profit
JSC Roskan, the Russian subsidiary of the France headquartered Mars daughter Royal Canin increased its net profit in 2010 by 33%.
According to Spark-Interfax, in 2010 net profit of JSC Roskan amounted to 290.9 million rubles (€6.8m), against 218.6 million rubles (€5.16m) in 2009.
Revenues have been equalled at 2.4 billion rubles (€56.76m) in 2009 to 3.1 billion rubles (€73.32m) in 2010.
Profit from sales rose to 596.4 million rubles (€14.1m), as against 491.8 million rubles (€11.63) in 2009.
Royal Canin had constructed a plant in Russia (in Dmitrov, Moscow region) in 2004. The total investment was €12 million. Production capacities let to produce 40 tons of feed per shift, and about 22,000 tons per year.
Expansion planning
Currently the plant management plans to further increase production output. “Today the animal feed market in Russia is experiencing a steady increase – this follows not only from the total production statistics, but also from data of the profits of the largest companies in our industry. In the nearest time we plan to attract investment for construction of additional production capacities” said a spokesman for JSC Roskan. (Vladislav Vorodnikov)
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