MHP reports positive poultry figures

Ukrainian poultry producer, MHP, has posted positive Q3 earnings owing to the increasing production volumes at its Vinnytsia poultry farm.

Poultry production volumes in Q3 2013 increased by 17% to 122,350 tonnes (Q3 2012: 104,600 tonnes) and in 9M 2013 increased by 18% to 346,940 tonnes (9M 2012: 294,790 tonnes).

As a result of an overall increase in poultry production volumes during the third quarter of 2013, sales volume of chicken meat to external consumers constituted 120,080 tonnes, which is 29% higher than in Q3 2012. During the nine months of 2013 third parties sales amounted 325,430 tonnes of poultry, which is 19% higher than in 9M 2012.

Implementing the Company’s strategy of export sales growth, during the third quarter of 2013 the volume of chicken meat export was 2.3 times higher than the volumes of Q3 2012 and reached around 30,000 tonnes. During the nine months of 2013, poultry export sales were 2.6 times higher than the volumes of 9M 2012 and reached 84,780 tonnes.

MHP continues to explore new business opportunities in the countries of Asia, the Middle East and Africa building-up the export volumes of chicken meat in those regions. In the near future the company is considering an expansion of its export sales in the EU countries.

MHP continues to lead the market of meat processing products, by using internally produced chicken meat, enhancing its profitability in meat processing business segment.