MHP released 2014 operational report
2015-02-03 17:33:35
According to data, provided by the company, its main segment (chicken) sales grew by 18% over the past year. Price growth practically matched inflation rate and reached 25% at UAH 19.99. Export sales in total sales reached 26.8% at 140 920 tons. Company is aiming to expand its export markets in Asia, Middle East and Africa. Exports to EU region reached 12% from total exports due to 0% import tax implemented in 2014.
Sunflower oil sales grew by 23% to 296 150 tons over 2014, while price dropped to USD 835 per ton by 19% over the same period. Export sales grew by 23% over the past year compared to the previous year. Company presented the following crop data:
|
2014 |
2013 |
||
Production, tons |
Planted, ha |
Production, tons |
Planted, ha |
|
Corn |
1 180 605 |
126 840 |
1 134 000 |
129 100 |
Wheat |
261 025 |
43 020 |
228 100 |
42 460 |
Sunflower |
167 030 |
49 550 |
133 530 |
38 290 |
Rapeseed |
39 570 |
10 495 |
60 265 |
18 690 |
Soybeans |
53 870 |
25 460 |
37 100 |
16 860 |
Other |
324 890 |
34 840 |
391 175 |
41 600 |
Total: |
2 026 990 |
290 000 |
1 984 170 |
287 000 |
Data presented indicates increased production of corn, wheat, sunflower and soybeans. At the same time, planted areas for corn were lower, despite production growth. Rapeseed crop, as well as other crops categories indicated decline. MHP indicates significant improvement of yield per hectare for corn, wheat and rapeseed, while sunflower and soybean yields were slightly lower than 2013 levels. Yields overall were significantly higher than average yield level in Ukraine.
Despite overall positive operational results for 2014, stock market reacted with 4.3% stock price decline to USD 9.12 per share on Monday, February 2, 2015.
UkrAgroConsult issues quarterly report “Agrarian Business in Ukraine”. Report covers quarterly operating and financial results of Public Ukrainian Agrarian companies. January Q1 2015 issue will include summary of 2014 results, as well as our forecast for 2015. You can subscribe to the report to receive it on a quarterly basis.