News archive

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29 March 2021

Resource to increase production of hatching eggs

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Resource, a Russia-based agroholding, wants to fully cover the need of its poultry farms for parent stock. For this purpose, the company plans to start production of hatching eggs at the facilities of former Russian agroholding Belaya Ptica. Resource expects to produce 100 million hatching eggs annually. Currently, about 20% of hatching eggs used...

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26 March 2021

MHP to pay $30 million in dividends

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MHP, Ukraine's largest poultry producer, is going to pay 2020 dividends to its shareholders. The total volume of payments is estimated at $30 million ($ 0.2803 per share). Last year, the total amount of dividends also was $30 million. In 2020, MHP's revenue decreased 7% to $1.9 million, as compared to 2019. MHP operates 370,000 hectares of farmland...

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26 March 2021

Astarta-Kyiv paid $114.3 million in taxes in 2019-2020

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Astarta-Kyiv, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, reports to have paid $114.3 million in taxes in 2019 and 2020. Of this sum, $50 million went to the state budget: $6.7 million as income tax, $42.9 million as VAT, $167,900 as environmental tax. Local budgets in the regions of Astarta's presence...

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25 March 2021

Epicentr Agro to focus on corn and sunflower production

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Epicentr Agro, a Ukraine-based agroholding, plans to sow 77% of its farmland areas with corn and sunflower in 2021. The company's cropping plan for the next sowing campaign looks as follows: 72,000 hectares will be under corn, 52,000 hectares – under sunflower, over 9,000 hectares - under rapeseed, and 15,800 hectares – under winter wheat. The...

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24 March 2021

Agroliga: net profit down 36% in 2020

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Agroliga, a Ukraine-based crop producer operating 10,000 hectares of farmland, reported net profit of $5.07 million in 2020, a 36%-decrease as compared to 2019. Meanwhile, the company’s revenue rose 39% to $82.9 million, and gross profit increased 22% to $15.2 million within the same period of time. EBITDA decreased 33% to $8.9 million. Agroliga...

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23 March 2021

Creative Group dissolved as legal entity

Creative Group, a former Ukraine-based agroholding, has been dissolved as a legal entity by Kyiv Commercial Court. The company was declared bankrupt back in 2018. The total debt of Creative Group was estimated at $251.4 million. Creative Group was engaged in crop and pork production. The company operated three sunflower processing plants, one...

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22 March 2021

MHP raising profits from by-products processing

MHP, a Ukraine-based agroholding, reports to have raised EBITDA in rendering segment (processing poultry by-products) 89% in January 2021, as compared to January 2020. The company processes by-products from poultry production that are not intended for human consumption (bones, brains, feathers, fat, and blood) into valuable proteins, minerals, and...

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19 March 2021

Damate keeps implementing lamb production project in North Caucasus

Damate, a Russia-based agroholding, continues cooperating with farmers in the North Caucasus within the framework of its lamb production project launched in 2018. Lately, the company has delivered 200 sheep to a farm enterprise in Karachay-Cherkess Republic. As per terms of cooperation, Damate provides consulting service on sheep breeding issues to...

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18 March 2021

Epicentr Agro to construct two grain elevators

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Epicentr Agro, a Ukraine-based agroholding, wants to develop its chain of route elevator hubs in the Khmelnytskyi region. In particular, the company plans to build two new grain elevators with a total storage capacity of 180,000 tonnes. Also, Epicentr Agro is currently reconstructing its grain elevator with storage volume of 100,000 tonnes. In...

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12 March 2021

Grain Alliance invested $3.6 million in machinery in 2020

Grain Alliance, a Ukraine-based agroholding operating 57,000 hectares of farmland, reports to have allocated $3.6 million for the purchase of agricultural machinery of foreign manufacturing in 2020. Currently, the company is preparing new machinery units for the sowing season. Grain Alliance operates six grain elevators with a storage capacity of...

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