BARNAUL, RUSSIA, December 24, 2009
/24-7PressRelease/ -- 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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