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Russian importer JFC has announced a drop in net profit of 85 per cent for the first half of 2011, compared with the same period last year, according to information agency RBC.

Net profit reportedly fell to Rbs45.5m (€1.1m), while revenue tumbled by 10.7 per cent to Rbs5.61bn.

Gross revenues at the St Petersburg company also decreased, by 0.5 per cent, to some Rbs1.36bn, RBC revealed.