Ovostar Union, one of the leading producers of eggs and egg products in Ukraine, in January-September 2021 received $2.85 million in net profit, which is a quarter less than for the same period in 2020, its EBITDA decreased by 29% – to $5.4 million.According to the company’s report, published on the website of the Warsaw Stock Exchange, Ovostar’s revenue for the nine months of 2021 increased by 39% – to $94.36 million, its gross profit decreased by 5% – to $10.95 million, operating profit – by 51%, to $2.22 million“In the nine months ended September 30, 2021, the increase in fixed assets of the group of companies amounted to $570,000 (September 30, 2020: $2.21 million). In particular, the group purchased equipment for poultry houses for $420,000 and allocated $156,000 for capital expenditures,” the report explains. The document states that the assets of the agricultural holding as of September 30, 2021 increased by 8% compared to the same date last year, to $142 million, its long-term debt liabilities increased by 19.6%, to $6.99 million, and the current ones decreased by 2%, to $21 million.
BUSINESS, EGG PRODUCTS, UKRAINE
