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. Last Updated: 07/27/2016

Synergy H1 Profits Fall 10%

Vodka producer Synergy said Thursday its first-half net profit fell 9.6 percent to 512 million rubles ($17.07 million) because of increased expenses.

Synergy said it saw financial costs soar 114 percent to 634 million rubles because of the financial crisis, while managing to cut general and administrative expenses by 32 percent to 548 million rubles.