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BRIEF-Russia's Cherkizovo Q4 adjusted EBITDA up 83 pct y/y
March 1, 2017 / 9:49 AM / 7 months ago

BRIEF-Russia's Cherkizovo Q4 adjusted EBITDA up 83 pct y/y

March 1 (Reuters) - Russia’s Cherkizovo says:

* Q4 adjusted EBITDA rose 83 percent year-on-year to 4.9 billion roubles ($84 million);

* Q4 net loss was at 272.5 million roubles compared with a net profit of 881 million roubles a year ago;

* Q4 net revenue rose 10 percent year-on-year to 23.2 billion roubles;

* Net debt was at 36.9 billion roubles as of the end of 2016 compared to 35.0 billion roubles as of the end of 2015.

* Cherkizovo anticipates the first quarter of the year to “be soft”;

* Has completed the majority of its capital intensive development phase and is now looking at a more modest capex in 2017. Source text for Eikon: Further company coverage: ($1 = 58.2513 roubles) (Reporting by Moscow Newsroom)

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