Livestock update Q3 2011
During the past quarter, the livestock branch of Alpcot Agro has increased milk production volumes by 1.7 percent and has grown by 220 heads to a total of 6,320 animals. Alpcot Agro (“the Company”) operates four large dairy farms with milk and meat production in Russia. During Q3 2011, sales of livestock related produce amounted to RUB 50.3 million (SEK 10.6 million). It is a decrease by 0.7 percent compared to the previous quarter, mainly due to a slight decrease in milk prices. During Q3 2011, the average milk production on all of the Company’s farms amounted to 36.2 tons per day,