MHP shared Q1 2020 financial results
04 June 2020
MHP, a leading poultry producer in Ukraine, reported net loss of $174 million in Q1 2020, as compared to net profit of $33 million in Q1 2019. Meanwhile, revenue rose 2% to $443 million within the same period of time.
In Q1 2020, MHP’s export revenue accounted for 54% of total revenue and comprised $237 million (Q1 2019: $268 million, 61% of total revenue). Operating profit stood at $ 47 million, a 6% decrease as compared to the same period last year. Adjusted EBITDA rose from $83 million to $90 million.