MHP's net profit for 9M 2017 increased by 40%

Net profit of the company Myronivsky Hliboproduct (MHP) for 9 months of 2017 increased by 39.7% compared to the same period of 2016, and amounted to USD 257 million.

According to the company's financial report, revenue totaled USD 970 million, up 18% year-on-year (9M 2016: USD 822 million). Export revenue makes up USD 561 million, 58% of the total revenue (9M 2016: USD 455  million, 55% of the total revenue).

Operating margin decreased to 33% (9M 2016: 34%). Operating profit resulted in USD 318 million, up 14% year-on-year (9M 2016: USD 278 million). EBITDA increased by USD 28 million to USD 318 million.

Earlier it was reported that MHP for the Q3 2017 received USD 47 million of net profit.