Ukrproduct forecasts growing 2012 financial results
2013-02-11 14:40:07
According to the official information released by the company, annual financial results will be released in April 2013. Ukrproduct expects significant improvement of performance and “positive effect of sales on EBITDA”. High performance is expected despite consumer spending constrains in Ukraine, where comparatively high inflation is a significant challenge. Packaged butter and processed cheese are expected to be revenue drivers for the company in 2012 financial results.
AgroInvest comment: We have had companies hype up their performance results in the past, therefore we reserve our opinion until the time we have audited financial results released by the company.