Pet Food News

Royal Canin's Russian petfood subsidiary announces 2010 profit increase

JSC Roskan, the Russian subsidiary of Mars' petfood brand Royal Canin, increased its net profit by 33% in 2010. JSC Roskan's net profit in 2010 was 290.9 million rubles (US$10 million), an increase from 2009's net profit of 218.6 million rubles (US$7.5 million), according to Spark-Interfax.

The company's 2010 revenue also increased from 2.4 billion rubles (US$82.5 million) in 2009 to 3.1 billion rubles (106.5 million) in 2010. Profit from sales rose to 596.4 million rubles (US$20.5 million) in 2010, from 491.8 million rubles (US$16.9 million) in 2009.

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