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Monday, 27 February 2012 00:00

Atria continues to suffer losses in Russia

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Finnish meat processing company Atria continues to suffer losses in Russia. Atria business in Russia and the Baltic countries remains unprofitable. Due to losses in Russia Atria stopped production of some products. In Russia Atria products under the brand name "Pit-Product."

Improving business results in Russia the company expects, however, not earlier than 2013.

In general, the profit of the entire group Atria in the fourth quarter of 2011 amounted to 340 million euros, while a year earlier it was 350 million euros.

 

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