MHP: revenue up 21% in 2018
26 March 2019
MHP, the Ukraine-based agroholding listed on London Stock Exchange, reported a revenue of $ 1.55 billion in 2018, an increase of 21% compared to 2017. The company’s revenue from exports amounted to $ 924 million, representing 59% of total revenue, while 2017 export revenue equaled to $ 732 million and accounted for 57% of total revenue. EBITDA decreased from $ 459 million to $ 450 million while net profit amounted to $128 million in 2018 compared to $ 230 million in 2017.
The main reason behind revenue increase was the launch of Vinnytsia Poultry Farm with additional production capacities. The farm’s total poultry production reached 617,900 tonnes in 2018 and is to increase up to 900,000 tonnes by 2023.