MHP reports USD 47 million net profit for Q3 2017

The company Myronivsky Hliboproduct (MHP) reports net profit of USD 47 million for Q3 2017, compared to net loss of USD 9 million for Q3 2016, including USD 17 million (Q3 2016: USD 50 million) of non-cash foreign exchange translation loss.

Revenue amounts to USD 370 million, which is 9% up year-on-year (Q3 2016: USD 339 million). Export revenue makes up USD 212 million, or 57% of the total revenue (Q3 2016: USD 201 million, or 59% of the total revenue).

Operating margin of the company increased to 25% (Q3 2016: 22%). Operating profit totals USD 92 million, up 24% year-on-year (Q3 2016: USD 74 million). Adjusted EBITDA increased to USD 105 million from USD 100 million, and adjusted EBITDA margin amounts to 28% (Q3 2016: 29%).

Earlier it was reported that in 2016 the net profit of MHP increased to USD 69 million.