PrJSC Volodymyr-Volynsky Poultry Factory (Volyn region), one of the largest poultry producers in Ukraine, intends to approve the payment of UAH 40 million in dividends for 2019.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders scheduled for April 28, the remaining part of retained earnings is to be fully used for the development of the company.
As reported, Volodymyr-Volynsky Poultry Farm in 2019 received UAH 131.65 million in net profit, which is 5.8 times more than in 2018. Revenue increased by 10%, to UAH 1.85 billion.
Last year, the company produced 55,250 tonnes of poultry for UAH 1.58 billion. The sales amounted to 49,250 tonnes for UAH 1.78 billion. Exports in total sales accounted for 2.62%.
Volodymyr-Volynsky Poultry Factory is a Ukrainian-Dutch enterprise, one of the five largest producers of chicken in Ukraine, occupying about 6% of the market.
PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, has reached a 40% increase in sales of its Epikur brand due to the growth in demand for products since the beginning of quarantine measures in Ukraine, Head of the company’s supervisory board Alina Sych has said.
“In the conditions of market boom, the demand for poultry, as well as for many other food products, has grown by more than 50% and continues being high. Packaged products in the tray became more important, as these products are more biosafe,” she told Interfax-Ukraine.
According to Sych, this is not only because people are loading up on supplies in advance, but also most consumers mostly cook at home during quarantine.
The head of the company’s supervisory said that the sales growth of the Epikur brand increased monthly by 20%, and since the beginning of quarantine measures in Ukraine, the products had reached a 40% growth.
Sych said that in order to meet the growing demand, the poultry factory is operating at full capacity. “We try to keep prices at the same level, but due to a sharp increase in the exchange rate and an increase in the cost of goods and services as well, we are forced to respond to market fluctuations. For example, we buy chickens for rearing in the EU and the level of the euro affects the cost of production, which directly affects the price for consumers,” the head of the supervisory board said, adding that the price of Epikur products has increased from the beginning of quarantine by an average of 10%.
In connection with the coronavirus disease (COVID-19) spread in Ukraine, the poultry factory, as far as possible, transferred office workers to remote work, and for other employees, it strengthened preventive and control measures in line with the recommendations of the Health Ministry.
“We provided workers with masks and respirators, antiseptics are easy available. We regularly disinfect office premises, vehicles, and also follow other preventive measures. Now, it is impossible to enter the territory of the factory without a mask and temperature screening,” Sych said.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise. It is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing forage.
PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, received UAH 131.65 million in net profit in 2019, which is 5.8 times more than in 2018.
According to a company report on the annual meeting of shareholders scheduled for April 28, its assets decreased by 2.8% over the year, to UAH 1.55 billion.
Retained earnings increased by 5.8 times, to UAH 131.65 million, total debtor indebtedness by 35.2%, to UAH 254.25 million.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise, is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing feed.
