Site Error was encountered. Contact the Administator

Site Error was encountered

Severity: Notice

Message: Undefined index: HTTP_ACCEPT_LANGUAGE

Filename: models/mdl_lang.php

Line Number: 24

Site Error was encountered. Contact the Administator

Site Error was encountered

Severity: Notice

Message: Undefined index: HTTP_ACCEPT_LANGUAGE

Filename: views/header.php

Line Number: 2

«AgroInvest» — News — MHP released its report for 4Q 2011 and final update for the year ended Decmber 31, 2011

MHP released its report for 4Q 2011 and final update for the year ended Decmber 31, 2011

2012-01-31 11:42:06

According to the company’s statement:

          1. In 2011 MHP increased its poultry productions volumes by 7% and produced 384,000 tons of poultry meat (2010: 360,000
tons of poultry meat).

          2. Annual MHP's poultry sales volumes to third parties increased by 12% to 370,900 tons (including sales from stocks)
compared to 331,400 tons in 2010.

          3. In 2011 foreign currency income from export sales of sunflower oil constituted US$ 216 million compared to US$ 180 million in
2010, demonstrated 20% growth.

          4. At the end of 2011 MHP's total land bank constituted 280,000 hectares among which 250,200 hectares were cultivated and
harvested in 2011 in grain growing segment, which is 67% more than in 2010 (2010: 150,000 hectares were cultivated in
grain growing segment out of total 180,000 hectares).

          5. Total harvest of MHP accounted over 1.7 million tons of grains and oilseeds in 2011, which is 88% more than the harvest of
2010.

          6. In 2011 MHP continued to increase its production of processed meat products. The sales volumes went up by 12% to 37,000
tons in 2011 compared to 32,900 tons in 2010. In Q4 2011 sausage and cooked meat production volumes remained stable at
8,800 tons compared to Q4 2010. Managements expect further growth of production of meat processing products in 2012.

          7. Average sausage and cooked meat prices during 2011 increased greatly by 14% to UAH 20.01 per kg (excluding VAT)
compared to UAH 17.59 per kg in 2010. The average price in Q4 2011 was UAH 21.44 per kg, which is 16% more than in Q4
2010.

          8. MHP is a market leader in meat processing in Ukraine; its current market share is about 10%. Management expects further
increase of the market share in forthcoming year. More than 50% of the raw materials required for the Company's meat
processing operations are internally produced chicken meat.

We assume further growth of the company despite inconveniences caused by any further complications in the Eurozone. Strong
management and clear operational structure allows company to constantly improve and develop over time.
 

 

 

UAIndex