OREANDA-NEWS. February 01, 2010. Myronivskiy Hliboproduct increased its poultry sales by 27%, y/y to 272.9kt. In particular, in 2H09, the poultry sales of MHP rose by 49%, y/y.

Millennium Capital: the Company performance results are in line with our forecasts. Namely, due to the utilization of 100% capacity of phase two of Myronivka poultry farm, MHP was able to increase its poultry output by 50%, y/y. Considering a significant share of poultry sales (80%) in MHP Total Sales and a slight poultry price increase in 4Q09 (2%, q/q), we expect Company Sales to grow by around 25%, y/y in hryvnia terms. Millennium Capital maintains its BUY recommendation on the Company shares.