The Rusagro group of companies presented operational performance indicators for the first quarter of 2024, focusing solely on the sugar segment.
Indicators for the first quarter of 2024
Sugar Segment
Sugar Production
In the first quarter of 2024, the Rusagro company produced 129 thousand tons of sugar, which is 88% (+60 thousand tons) higher than in the same quarter of the previous year. The production growth is due to an increase in beet harvesting in the 2023/2024 season compared to the 2022/2023 season.
Sugar Sales Volumes
In the first quarter of 2024, the sugar sales volume of the Rusagro company increased by 26% (+39 thousand tons) compared to the same quarter of the previous year, reaching 187 thousand tons. Sales were conducted considering the market situation, and the increase in sales volumes is associated with the production growth.
Operational Indicators for the First Quarter of 2024
Name | Q1 2024 | Q1 2023 | Changes, % |
Total Revenue*, million rubles | 71,718 | 49,389 | 45% |
Sugar Business, thousand tons | |||
Sugar Production Volume | 129 | 69 | 88% |
Sugar Sales Volume | 187 | 148 | 26% |
Sugar Beet Sales Volume | 0 | 494 | (100%) |