Business
Unaudited Interim Financial Results
Unaudited Interim Financial Results.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 4912S Ukrproduct Group Ltd 24 September 2014 \n \n\n \n \nFOR IMMEDIATE RELEASE September 24, 2014\n \nUKRPRODUCT ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS\nFOR THE SIX MONTHS ENDED 30 JUNE 2014\n \nKyiv, Ukraine - September 24 2014 - Ukrproduct Group Limited (\"Ukrproduct\" 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 2014.\n \nKEY FIGURES\n(Figures in brackets are for the six months ended and as at 30 June 2013 when the exchange rate was the 12.33 UAH/GBP compared to 16.99 UAH/GBP in this reporting period)\n \n· Total revenues decreased by 30% year on year to GBP 17.2 m (GBP 24.7 m), however the decrease in national currency made up 5%\n· Gross profit margin improved to 22.7% (15.0%) resulting in gross profit increase by 5% to GBP 3.9 m (GBP 3.7m)\n· Revenues in dairy branded products segment decreased by 41% year on year to GBP 11.3 million (GBP 19.1 million) and gross profit decreased by 20% year on year to GBP 2.1 million (GBP 2.7 million)\n· In kvass the revenues decreased by 40% year on year to GBP 0.7 million (GBP 1.2 million) and gross profit down by 39% year-on-year\n· Skimmed Milk Powder (SMP) revenues increased by 36% to GBP 4.7 million (GBP 3.5 million) and gross profit increased to GBP 1.3 million (GBP 0.3 million)\n· EBITDA increased by 42% to GBP 1.8 million (GBP 1.3 million) year-on-year\n· Profit from operations more than double...