July 16, 2010
Myronivskyi Khliboprodukt ups poultry meat sales by 30% in Q2 2010
Kyiv-based Myronivskyi Khliboprodukt, raised chicken meat sale by 30% or 19,700 tonnes in April-June 2010 to 85,500 tonnes, as compared on-year.
The sales of chicken meat grew by 45% to 168,500 tonnes in the first half of 2010, as compared with the corresponding period in 2009. The consumer demand for chicken in H1 was high, that is why the company sold about 100% of all products produced during that period, according to the report.
The chicken's average prices in the second half of 2010 remained at the level of similar period of 2009 - UAH13.82 (US$1.75) per kilo (less value added tax). The prices slightly fell in H1 2010 at the same time as compared to H1 2009.
The increase of the production was mainly reached due to the commissioning of Katerynopil oil extraction plant in Cherkasy region in September 2009.
The Myronivskyi Khliboprodukt also said that in H1 2010, it operated 220,000 hectares of farmlands. Earlier in January-March 2010, Myronivskyi Khliboprodukt boosted sales of poultry meat by 64% to 83,000 tonnes.
The company intends to raise production of poultry meat by 21% to 330,000 tonnes in 2010. It ended 2009 with a net profit of UAH160 million (US$20.25 million). The company's earnings fell by 11.5% or US$92 million to US$711 million in 2009 over 2008.
The Myronivskyi Khliboprodukt open joint-stock company is a vertically integrated complex of enterprises that produce poultry meat, incubation eggs and fodder, breed livestock for processing, and sell ready-made products. The company produces poultry meat under the Nasha Riaba trademark, semi-finished meat products under the Lehko trademark, beef delicacy under the Certified Angus trademark, and goose liver delicacy under the Foie Gras trademark.
