In January-June 2024, MHP (Kyiv), one of the largest producers of poultry meat, reduced its net profit by 33%, or USD 22 million, to USD 45 million compared to January-June 2023.
This is stated in the company's statement, the Ukrainian News agency reports.
At the same time, revenue decreased by 4%, or USD 66 million, to USD 1,489 million during the specified period.
It is noted that in the first half of 2024, adjusted EBITDA increased by 20% to USD 280 million compared to the first half of 2023.
As the Ukrainian News agency earlier reported, MHP ended 2023 with a net profit of USD 142 million against a loss of USD 231 million in 2022.
At the same time, the company's revenues for the year increased by 14.4%, or USD 379 million, to USD 3.021 billion compared to 2022.
On February 2, 2021, the Myronivskyi Hliboproduct company officially changed its legal name to MHP.
MHP is a vertically integrated complex of enterprises for the production of chicken, hatching eggs, and fodder.
The founder of the company is Yurii Kosiuk.
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