Ovostar Union released H1 2012 unaudited report
2012-09-04 17:02:45
According to the report released by the company its revenue increased by 26%, reaching USD 28 M. Gross profit grew by 57% to USD 14 M. In H1 2012 the volume of eggs produced increased by 12% YoY to 324 M eggs. The volume of eggs sold reached 226 M remaining at the level of H1 2011 but this has been offset by the increase in the average egg price in H1 2012 by 12%.
AgroInvest comment: companies are enjoying increase in prices for commodities, and combined with growing demand and production capacity, results are high.
For more detail please refer to the UAIndex Daily (September 04 issue).
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