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Agriculture firm RusAgro cuts 1Q06 net losses 86% q-o-q

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MOSCOW, May 6 (RIA Novosti) - RusAgro cut its net losses in the first quarter of 2006 by 86% from the last quarter of 2005, from 80.652 mln rubles ($2.98 mln) to 10.93 million rubles ($403,600), the Russian agricultural holding said Friday.

RusAgro Group produces sugar, cereal and oil-and-fat products. The company owns 14 processing plants in the food industry, 12 agricultural enterprises and 12 trade centers.

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