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«AgroInvest» — News — Avangard reported strong results for 2011

Avangard reported strong results for 2011

2012-02-08 13:53:08

According to the company report, the total poultry flock of the company increased by 3.3% year on year. The number of laying hens increased by
9.6%. Shell egg production was increased by 34.7% in 2011. Volume of sales to external customers increased by 25% to 4,862 million pieces
compared to 2010 result of 3,888 million pieces. Due to its flexible pricing and export policy the Company managed to export over 90% of its annual
export volumes in the second half of the year. The Company also further strengthened its international sales team. The total export of shell eggs
was 295 million pieces, an increase of 74.6% year on year. The most rapidly growing export markets were Iraq and the CIS countries, which
accounted for approximately 60% and 38% of total exports, respectively. In 2011, the Company also opened up new export markets to geographies
including Armenia, Turkmenistan and Azerbaijan.
 

 

 

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