Concern Khlibprom Saw Increase in Its Net Income by 35% in 1H
OREANDA-NEWS. September 10,
The Company’s consolidated income at the end of the half-year made up UAH 315.5mln that is by 35% more than in the last year (UAH 233.7mln). The Company’s net income for the reporting period increased by 53% and made up UAH 4.83mln.Gross income increased year-over-year by 30% up to UAH 366.199 mln.
According to Oleh Cherniakhovskyi, Financial Director of PJSC Concern Khlibprom organizational changes, range unification and implementation of the single packing in five regions where the plant is represented allowed the company to achieve such results. Moreover, implementation of energy saving and logistics optimization projects during the last year contributed to the reduction of expenditures.
In the second half of the year the Company will be continuing the strategy of competitive ability increase and focus its efforts on making the frozen semi-finished bakery goods production work with the planned capacity.
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