Ovostar Union net profit increased almost three times in 1H 2018
Ovostar Union USD 10.4 million net profit in 1H 2018 (+167% y-o-y) result mainly from the overall increase of sales volume of shell eggs and egg products as well as from the favourable market conditions at the start of the year.
The report shows that the company’s revenue in 1H 2018 went up to USD 63.5 million (1H 2017: USD 36.5 million). Gross profit amounted to USD 17.7 million, the 107% increase compared to 1H 2017. Operating profit increased 2.19 times to USD 12.43 million.
EBITDA in 1H 2018 went up by 97% and reached USD 13.8 million.
Earlier it was reported that Ovostar Union increased the volume of shell eggs sold to 679 mln eggs (+31% y-o-y) in 1H 2018.