RUSSIA: Lebedyansky posts Q3 earnings leap
Russia's largest juice producer Lebedyansky has reported a 20% leap in profits for the first nine months of the year.
The company saw net profit reach US$73.1m on the back of a 38% jump in revenues to US$519.7m. Juice sales, the company said yesterday (30 October), rose 33% to US$452m.
Last week, Lebedyansky was granted government approval for its acquisition of St. Petersburg-based rival Troya-Ultra.
Troya-Ultra is one of the top five juice producers in Russia with a distribution network covering 500 cities in the country.
Sectors: Soft drinks
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