Business
Interim results 2017
Interim results 2017.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 1528S Ukrproduct Group Ltd 28 September 2017 \n\nFOR IMMEDIATE RELEASE September 28, 2017\n \n \nUKRPRODUCT ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017\n \n \nKyiv, Ukraine - September 28, 2017 - Ukrproduct Group Limited (\"Ukrproduct\", \"UPG\" or the \"Group\") (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass), today announces its unaudited interim consolidated IFRS financial results for the six months ended 30 June 2017.\n \nKEY FIGURES\n \n(Figures in brackets are for the six months ended and as at 30 June 2016 when the exchange rate was 36.61 UAH / GBP compared to 33.68 UAH /GBP in this reporting period)\n \n \nTotal revenues increased by 82% year on year to GBP 14.9 m (GBP 8.2 m). In Ukrainian Hryvna this represents an increase of 67.8%.\n \nGross profit margin increased to 11.4% (9.2%) resulting from a gross profit increase of 124.4% to GBP 1.7 m (GBP 0.8 m). In Ukrainian Hryvna this represents an increase of 107.1%.\n \n \nKvass revenues have increased by 30.2% year on year to GBP 0.5 m (GBP 0.4 m) with gross profit in this area also increasing by 20.8% year-on-year.\n \nSkimmed Milk Powder (SMP) revenues have increased by 127.2% to GBP 4.1 million (GBP 1.8m), however the gross ...