March 28, 2014

Ovostar's 2013 net profit up 29% on-year

Ukraine's Ovostar Union posted an increased net profit by 29% in 2013 on-year and announced its intention to boost egg production by 23-34% this year, up to 1.1-1.2 billion pieces, the company said in a statement.

According to the presentation of the company, the production of dry egg products in the current year will be increased by 9.6-24.2% - up to 1,500-1,700 tonnes, liquid by 9.4-24% to 7,500–8,500 tonnes.

Ovostar also plans to increase the number of bird places from 5.4 million in 2013 to 5.8-6.4 million.

In 2013, Ovostar Union reported an increased egg production by 24% compared with 2012 - up to 893 million pieces. The poultry stock on its poultry farms in the past year rose by 19% to five million heads.