MHP released Q3 2012 financial results
2012-11-15 14:24:13
According to the official information released by Myronivskiy Khliboproduct, company’s net revenues have increased by 10% to USD 389 M in the 3rd quarter of 2012 compared to Q3 2011. EBITDA increased by 4% to USD 149 M compared to USD 143 M in Q3 2011, while EBITDA margin fell 3% to 38% in Q3 of 2012. Net income also increased to USD 111 M, which is 3% higher than during Q3 od 2011.
When comparing results for 9 months of 2012 to the same period of 2011 net revenues grew by 19% to USD 1044 M, EBITDA grew by 26% to USD USD 379 M, EBITDA margin was 2% higher measured at 36% and net income was 40% higher at USD 281 M.
AgroInvest comment: Company’s growth is partially attributed to growth of chicken prices in 2012, and definitely is the result of company’s successful management, growth of production volumes and sales, modernization and implementation of improvements.
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