Ovostar Union released Q1 2012 unaudited results
2012-05-16 15:08:50
Ovostar Union released unaudited financial results for the first quarter of 2012. Company reported sales revenue growth of 27% to USD 15.7 M compared to the same period of 2011; net revenue grew 76% to USD 9.6 M, EBITDA has shown growth of 59% to USD 9.4 M, while net profit increased by 62% to USD 8.9 M. Egg production grew by 22% to 174 million units.
AgroInvest comment: Main reasons for financial indicators’ growth include increasing prices for the eggs and egg products as well as increased sales volume.
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