Business news from Ukraine

Business news from Ukraine

LARGE PORK PRODUCER APK-INVEST SEES 3.5-FOLD RISE IN PROFIT

Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, saw UAH 889.1 million of net profit in 2017, which is 3.5 times more than a year ago. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue last year grew by 37.9%, to UAH 2.664 billion.
Gross profit rose by 40.3%, to UAH 405.5 million, and operating profit grew 1.9-fold, to UAH 1.016 billion.
As reported, the company plans to increase the number of pigs by 75%, to 1 million pigs and introduce several new technologies in agriculture.
APK-Invest is a vertically integrated agro-industrial company with a complete closed cycle of production of chilled pork from growing grain and animal feed production to production and sale of meat goods.

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