Ovostar Union: net profit up 44% in 9M 2020
17 November 2020
Ovostar Union, Ukrainian vertically integrated agroholding and large-scale egg producer, reports net profit of $3.76 million in the first nine months of 2020, a 44%-increase as compared to the same period last year. Gross profit rose 14% to $10.4 million, and operational profit increased 40% to $4.5 million. EBITDA increased 29% to $7.6 million, while earnings per share grew to $0.65. At the same time, the company’s revenue decreased 13% to $67.8 million within the same period.