May 30, 2012 / 9:53 AM / 5 years ago

Russia's Rusagro posts Q1 net profit vs yr-ago loss

MOSCOW, May 30 (Reuters) - Russian sugar and pork producer Rusagro reported on Wednesday a net profit of 558 million roubles ($17.34 million) for the first quarter, compared to a 29 million rouble net loss a year earlier.

Sales increased 4 percent to 6.3 billion roubles, and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) soared to 1.5 billion roubles from 264 million roubles in the first quarter of 2011.

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