The leading agricultural producer in Ukraine, Myronivsky Hliboproduct (MHP) has reported profits of $377 mln in 2021.
Friday, November 19, 2021
MHP which produces chicken meat for local and external markets is the leader in poultry production in Ukraine. It recently presented the financial results of its activities for the nine months ended September 30, 2021 which showed a net income increase to $377 mln. This compared to a loss of $109 mln during the same period of 2020. The key factors driving profits were the increase in exports by 8%, and the rise in chicken prices by 22%. The production of chicken has increased by only 2%. The company is planning to pay dividends of $30 mln in December of 2021.