Russkaya Akvakultura has announced that it is waiving the six-month moratorium on bankruptcy, which was imposed by the Russian government on April 1 of this year. The waiver of the moratorium will allow the company to retain the right to pay dividends or conduct share buyback.

Russian Aquaculture's RAS net income for 3 months of 2022 was ₽978.141 million, up 23.5% from ₽792.466 million in the previous year. Revenue increased 23.4% to ₽1.022 billion compared to ₽0.828 billion a year earlier.

Russian Aquaculture's RAS net income for 2021 was ₽2.654 billion, down 5.4% from ₽2.805 billion in the previous year. Revenue fell 4.3% to ₽2.822 billion compared to ₽2.95 billion a year earlier.

Board of Directors of Russian Aquaculture decided to increase the authorized capital by means of additional issue of 10 mln common shares. The securities will be placed by public subscription. The price will be determined by the Board of Directors after the preemptive right to purchase shares expires, but no later than the beginning of the placement.