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Ukrproduct expects UAH16.2 mln operating profit for 2017
03.04.2018 19:53 "Agro Perspectiva" (Kyiv) —
Ukrproduct Group, a large Ukrainian packaged butter, processed cheese and kvass producer, expects operating profit of about UAH 16.2 million (GBP500,000) within 2017 compared to an operating loss of approximately UAH 7.4 million (GBP200,000) within 2016, Interfax-Ukraine says referring the Ukrproduct London Stock Exchange website report.
«The Ukrainian dairy foods and beverage producer is guiding for revenue of around GBP31 million for 2017, which would be a strong increase on the GBP20.2 million posted in 2016. Operationally, Ukrproduct expects a profit of approximately GBP500,000 after an operating loss of GBP200,000 within 2016, which will boost earnings before interest, tax, depreciation, and amortization,» the report reads.
However, even despite these improvements, the company expects an overall loss due to the negative impact of foreign exchange, the report admits.
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