The net loss of PJSC “Khlibprom Concern” in the third quarter of this year amounted to 5.59 million UAH, compared to a net profit of 7.23 million UAH for the same period last year, according to the company’s report filed with the NSSMC’s disclosure system on Thursday.
According to the report, revenue in the third quarter increased by 12.3% to 645.63 million UAH, while gross profit rose by 25.7% to 243.64 million UAH.
The decline in financial performance is attributed to a 17.5% increase in selling expenses (to 123.59 million UAH), a 19.4% rise in administrative expenses (to 92.89 million UAH), and a 2.1-fold increase in financial expenses (to 20.48 million UAH).
At the same time, for the first nine months of this year, “Khlibprom Concern” increased its net profit 6.9-fold—to 21.82 million UAH—as revenue grew by 14.6%—to 1 billion 877.20 million UAH.
Gross profit rose by 19.1% to 685.16 million UAH, and operating profit increased by 30.7% to 40.06 million UAH.
According to the report, fresh bread accounted for 49.55% of sales volume for the first nine months of this year, semi-finished products for 30.98%, and baked goods for 3.75%; in terms of production volume, these figures were 49.29%, 30.23%, and 4.43%, respectively.
“Khlibprom Concern” is one of the largest companies in the Ukrainian bread market. According to the company, it produces up to 160 metric tons of products daily, including bread, baked goods, confectionery, and semi-finished dough products. Its structure includes five processing plants located in the Lviv and Vinnytsia regions.
Since 2014, the company has also been developing its coffee business, within which its production units are engaged in the supply, roasting, and branding of its own coffee, as well as providing rental and maintenance services for professional coffee equipment. The coffee business of PJSC “Khlibprom Concern” consists of the production of roasted coffee under the Harmony Sentivi brand.
The beneficiary of the company is Natalia Antonova.
