Feb. 24 (Bloomberg) -- Black Earth Farming Ltd., a Stockholm-listed Russian grain producer, dropped to the lowest price in almost two months after reporting its net loss widened last year because of bad crop quality.
The shares slid 3.5 percent to 14 kronor as of 5:28 p.m. in Stockholm, the lowest intraday price since Jan. 2.
The company’s net loss widened about 15 percent to $41.7 million in 2011 from $36.4 million a year earlier, according to its annual report, published today.
--Editors: Alex Nicholson, Linda Shen
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