Russia's largest dairy and juice manufacturing firm, Wimm-Bill-Dann has, on the back of lower financial expenses, reported a 44% rise in its third quarter report for the current year. The figures were revealed on Wednesday and represent the company's earnings for the July-September period of the current year.

Net profits of the New York listed firm rose to $44.5 Million from the earlier recorded figure of $30 Million for the same period last year. The result has managed to beat the expectation pegged by analysts by a substantial margin. Three experts polled by Dow Jones had predicted that the firm's earnings would be around $41.7 Million.

Revenue, however, fell to $524.1 Million from last year's $702.1 Million. Wimm-Bill-Dann prices its products in Rubles, and the fall in revenue is being seen as a direct result of the sharp drop recently experienced by the Russian currency.

EDITBA also fell by 11%, but profit margins recorded an improvement due to drop in prices of inputs such as milk.

On Tuesday, the company's shares closed at $19.92. Since January, Wimm-Bill-Dann shares have more than tripled in value.