The Board of Directors of Myronivsky Hliboproduct agricultural holding on April 13, 2020 approved the distribution of interim dividend for 2019 in the amount of $0.2803 per share with total amount of the interim dividend being $30 million.
According to a company report on the London Stock Exchange (LSE), the dividend will be paid to the company’s shareholders on April 28, 2020.
As reported, in 2019, MHP paid $80 million of the dividend to its shareholders ($0.7474 per share).
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of cereals, sunflower oil and meat.
The net profit of Myronivsky Hliboproduct agricultural holding (MHP) in 2019 increased by 1.7 times compared to 2018, to $215 million.
According to a company report on the London Stock Exchange’s website, its revenue last year increased by 32%, to $2.06 billion, due to the increased sales of chicken, vegetable oil and semi-finished products, as well as the purchase of PP.
Export revenue amounted to $1.19 billion, which is 58% of total revenue (60% in 2018). Export revenue increased by 28% compared to 2018 due to the growth in sales of grain, vegetable oil and meat products.
Last year, MHP’s gross profit decreased by 6%, to $398 million, operating profit by 31%, to $216 million.
The agricultural holding’s EBITDA in 2019 decreased by 16%, to $376 million, EBITDA margin to 18% from 29%. This was due to low prices (both for crops and chicken), adverse weather conditions and the significant strengthening of the hryvnia.
For the fourth quarter of 2019, MHP increased its net loss by 4.3 times, to $60 million compared to the same period in 2018. Revenue for this period increased by 43%, to $551 million. Export revenue amounted to $316 million, which is 57% of total revenue.
MHP’s operating losses in October-December 2019 amounted to $2 million compared to $29 million in operating profit in October-December 2018. Gross profit decreased by 22%, to $52 million.
EBITDA margin in the fourth quarter of 2019 fell to 8% from 23%, EBITDA by 51%, to $43 million.
Myronivsky Hliboproduct (MHP) has announced the start of construction of a 25 MW Battery Energy Storage System (BESS) in Ladyzhyn, Vinnytsia region, this year.
According to a press release by MHP, the agricultural holding began implementing a conceptual project for the construction of the Energy Storage in Vinnytsia region as part of the creation of the energy cluster MHP Energy Hub. The implementation of energy projects of the agricultural holding is carried out by PrJSC MHP Eco Energy, which is an electricity supplier and a management company of the largest biogas energy producers in Ukraine.
“The first step of MHP Eco Energy is announcing a tender for the development of a feasibility study for connecting BESS to power grids, with the possibility of using Smart Grid Technologies in the future,” MHP said.
According to MHP, the implementation of the project for the construction of BESS with a capacity of 25 MW in Ladyzhyn will begin in 2020 and will take place in four stages: the first one of 5 MW/5MWh, the second of 5 MW/5 MWh (the total capacity of 10 MW/10 MWh), the third of 5 MW/5 MWh (the total capacity of 15 MW/15 MWh), the fourth one of 10 MW/10 MWh (the total capacity of 25 MW/25 MWh).
“Ukraine needs to reduce its dependence on “dirty” energy and very quickly upgrade its energy infrastructure through the use of Energy Storage and Smart Grid in order to remain economically competitive and energy independent. The accumulation of energy will allow us to have a power supply that will be available 24/7. Energy storage plays an important role in creating a more flexible and reliable system of operation of power grids,” MHP noted.
The shareholders of Myronivsky Hliboproduct agricultural holding (MHP) have approved the appointment of Philip Wilkinson as an additional director of the company. According to the MHP report on the London Stock Exchange’s website, the appointment was the only issue on the agenda of the company’s extraordinary meeting on March 24, 2020.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of cereals, sunflower oil, meat. MHP supplies chilled poultry carcasses to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
In February 2019, MHP completed the acquisition of the Slovenian company Perutnina Ptuj.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
In 2018, MHP’s net profit decreased by 44.3%, to $128 million, revenue increased by 21%, to $1.556 billion.
Myronivsky Hliboproduct (MHP) allocates UAH 15 million to purchase 19 artificial lung ventilators and personal protective means in Vinnytsia region.
MHP said on its Facebook page that a representative of Vinnytsia Regional State Administration and the agricultural holding developed an operational plan to counter coronavirus (COVID-19) outbreak.
“A commission has been created, the headquarters will begin work in the coming days,” the company said.
According to MHP, a shared strategy for COVID-19 prevention has already been developed. MHP purchases 19 artificial lung ventilators with a patient’s monitor and an oxygen concentrator for all hospitals in Vinnytsia region, where there are departments of infectious disease.
In addition, the purchase of personal protective equipment will be provided for Ladyzhyn city hospital, Tulchyn and Trostianets regional hospitals.
“MHP will also assist in the search and acquisition of all necessary personal protective equipment and medical devices, by involving its own specialists from the logistics department,” the company said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil and meat.
Myronivsky Hliboproduct (MHP) will allocate about UAH 14 million to purchase high-priority equipment for hospitals and personal protective equipment in Cherkasy region.
MHP said on Facebook that on March 19 representatives of Cherkasy Regional State Administration and the agricultural holding developed an operational plan to counter the spread of coronavirus.
“To date, a commission has been created, a headquarters will be created in the coming days,” the company noted.
According to MHP, the priority task for today is the purchase of needed equipment for hospitals and personal protective means. In addition, the company will support the purchase of all necessary devices by involving its specialists from the logistics department.
“The local authorities and MHP are urging other businesses, whose facilities are located in Cherkasy region, to actively participate in reducing the risks of the spread of coronavirus,” MHP said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil, meat.
