MHP: net profit fell 63%

13 June 2019

MHP, Ukraine’s leading agroholding, has reported a net profit of $ 33 million in Q1 2019, a 63%-decrease compared to the same period in 2018. Revenue rose 42% to $ 436 million, while operating profit shrank 19% to $ 50 million. EBITDA decreased 7% to $ 83 million. MHP claims the decrease in financial results was caused by non-cash income from differences in exchange rates, increased financial costs due to implementation of leasing standard IFRS 16 and expansion of the Vinnytsia poultry plant.

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