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PAVA improved liquidity ratio in third quarter
In Q3, PAVA saw 35.3% increase in current liquidity, expects to maintain positions in the future
BARNAUL, RUSSIA, December 24, 2009 /Agriculture PR News/ -- In the third quarter of 2009, Russian grain processor PAVA increased its current liquidity ratio proving the company's revenue-generating capacities and strengthening its financial status. It was reported in RAS statements that the figure went up by 35.3% from the previous quarter results.
The double-digit growth reflects achievements in productivity and sales, reduced reliance on debt financing and improved focus on assets management.
PAVA current liquidity ratio, standing at 1.57% in Q3, positions it favourably against the industry average and confirms that the company has adequate funds to cover its obligations. The ratio is expected to remain strong in the future, as PAVA will diversify activities and secure additional margins.
About PAVA OJSC
OJSC PAVA is known as one of the three leading operators on the Russian grain processing market. Its principal activities are manufacturing and distribution of such products as flour of different grades, cereals, confectionery and animal feed.
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Press Release Contact Information:
Yulia Chebotareva
PAVA OJSC
PR manager
Pushkina 38
Barnaul, Altay region
Russia 656049
Voice: +7 3852 630155
Website: Visit Our Website |
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