In the first six months of 2023, Kyiv-based Ovostar Union, a large Ukrainian producer of egg products, received a net profit of USD 20.6 million against the loss of USD 17.9 million in the same period of 2023.
The company has said this in a statement, Ukrainian News Agency reports.
In the first six months of 2023, the company boosted its net revenues by 57% or USD 32.1 million year over year to USD 88.7 million.
Besides, over the period, the company received Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) of USD 21.7 million.
As Ukrainian News Agency earlier reported, in 2022, compared to 2021, Ovostar Union increased its profit 3.8 times to USD 6.1 million, increasing its income by 2% to USD 135.6 million.
Also in 2022, Ovostar increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 96% to USD 11.1 million.
The Ovostar Union group of companies consists of a number of enterprises, including the Ukraina and Stavyschanska poultry farms and the Ovostar egg product plant.
The group produces and sells eggs under the Yasensvіt and other trademarks, as well as under a private label for retail chains. It also produces and sells egg products under the Ovostar trademark.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.