April 23, 2018 / 8:13 AM / a month ago

BRIEF-Russia's Rusagro says Q1 revenue down 23 pct y/y

April 23 (Reuters) - Russian farming conglomerate Rusagro (Ros Agro Plc) says:

* Q1 total revenue before intersegment eliminations amounted to 15.5 billion roubles ($250.70 million), down 23 percent in year on year terms.

* Q1 revenue of sugar division fell 30 percent in year on year terms to 5.2 billion roubles due to lower sugar prices and sales volumes.

* Q1 revenue of meat division was down 9 percent in year on year terms to 4.3 billion roubles due to lower prices.

* Q1 revenue of oil and fat business increased 2 percent year on year to 4.4 billion roubles thanks to higher sales volumes.

* Q1 revenue of agriculture business decreased 60 percent year on year to 1.5 billion roubles due to lower prices and sales volumes. Further company coverage: ($1 = 61.8275 roubles) (Reporting by Moscow Newsroom)

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