In January-June 2024, the holding company of the Ukrainian Ukrproduct Group, Ukrproduct Group Ltd, increased its net profit by 37% to GBP 0.897 million.
This is stated in the stock exchange announcement of the company, the Ukrainian News agency reports.
Meanwhile, revenues fell by 9%, or GBP 7.254 million, to GBP 16.645 million in the period.
Over the first half of 2024, sales of processed cheeses and processed cheese products were GBP 10.7 million, butter sales were GBP 1.8 million, spread sales were GBP 1.7 million, skimmed milk powder sales were GBP 0. 5 million, sales of kvass and other drinks – GBP 1.1 million.
Also, in the first half of 2024, EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) increased by 16% to GBP 1.8 million, compared to January-June 2023.
As the Ukrainian News agency earlier reported, the company ended 2023 with a net profit of GBP 0.39 million, reducing revenues by 5.4% to GBP 37 million.
Ukrproduct includes 4 plants for the production of processed cheese, butter and kvass (TM Nash molochnyk, Narodnyi product, Vershkova Dolyna and others).
100% of the shares of Ukrproduct Group belong to the company Ukrproduct Group Limited (United Kingdom).
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