OREANDA-NEWS  On 10 December was announced, that OJSC PAVA reported growth of revenue in Q3 2008. According to Russian Accounting Standards it increased to 2,901,401 thousand roubles. This represents a 50.3% increase compared to the same period in 2007.

Following good H1 results, when the company recorded positive dynamics in revenue, the trend continued, gaining momentum over the next period. The recently published financial statements show that overall the company had a strong third quarter.

Despite the effects of the world financial crisis, the grain processor exceeded its targeted operational results. Favourable situation on the flour market and the price dynamics allowed PAVA to increase its sales revenue 1.5 times.