MHP revenue in 9M 2018 improved 17%

The agro-industrial holding Myronivsky Hliboproduct (MHP) improved its revenue for 9M 2018 by 17% to USD 1.14 billion (9M 2017: USD 970 million).

In Q3 2018, revenue increased 19% as compared with the prior-year period and amounted to USD 442 million (Q3 2017: USD 370 million).

Operating profit for nine months 2018 decreased 9% y-o-y and stood at USD 283 million. Operating profit margin accounted for 25%. Adjusted EBITDA declined to USD 362 million vs USD 371 million in 9M 2017.

Third quarter operating profit reduced by 17% to USD 71 million. Operating profit margin made up 16%.  Adjusted EBITDA slightly decreased to USD$ 99 million from USD 105 million.

Previously it was reported that MHP and the management of the Slovenian company Perutnina Ptuj had held a meeting and presented plans for further development within the existing business model.