Russian Dairy Company (RUSMOLKO)

Russian Dairy Company LLC (RUSMOLKO) was established in October 2007. The company unites nine farms in seven districts of the Penza region and specializes in dairy and crop production.

In the spring of 2011, the company began building a new complex for growing turkey and processing meat, designed for 15 thousand tons of finished products per year with the possibility of expanding to 60 thousand tons per year. To date, over 1000 people work at the company's enterprises, Chairman of the Board of Directors of RUSMOLKO - Naum Babayev, General Director - Rashid. Khairov.

Performance indicators

2023: Losses - 234.32 million rubles

At the end of 2023, the Russian Dairy Company suffered a net loss of 234.32 million rubles. For comparison, a year earlier, the company showed a profit of 49.63 million rubles. Such data are contained in accounting documents released in May 2024.

As reported on the website of the Kontur. Focus service, in 2023, the company's pre-tax losses were recorded at 234.32 million rubles, while a year earlier it showed a pre-tax profit of 51.2 million rubles. Accounts payable decreased on an annualized basis from 1.55 million rubles to 189 thousand rubles.

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In 2023, the Russian Dairy Company increased gross yield to 161 thousand tons, which is 10% more than the result for the previous year. The increase is said to be the result of the implementation of a dairy development strategy and active work within the framework of a comprehensive milk stimulation program. As of March 1, 2024, the number of cattle on three dairy farms is more than 33 thousand heads, of which over 16 thousand are cows. The yield per forage cow is approximately 12 thousand liters per year.

The company manages three dairy complexes located in the Penza region. The main volume - more than 80 thousand tons - was produced at the largest closed-cycle complex in Russia for 7200 heads in the Serdobsky district. The company was launched in 2021. After reaching full capacity, it is planned to produce more than 100 thousand tons of raw milk.

It is said that within the framework of the long-term investment strategy, the Russian Dairy Company is simultaneously developing three business areas: dairy farming, crop production and seed production. In 2024, it is planned to further expand the livestock direction and increase the production of premium milk.^[1]

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