Ovostar Union released report for 6 months of 2013


According to the official information released by the company, Ovostar Union increased its poultry stock by 26% to 4.4 million units, from 3.5 million units as of June 30, 2012. Egg production grew by 30% to 422 million pieces compared to H1 2012 of 324 million pieces. Egg sales grew by 14% to 257 million pieces from 226 million pieces during the same period last season. Sales price was 8% lower during the first 6 months of 2013 at UAH 0.60 apiece compared to UAH 0.66 apiece for the first 6 months of 2012. Ovostar Union processed 38% more eggs, measured at 136 million pieces compared to H1 2012. Investment strategy of the company is executed in accordance with the plan, as the company deployed additional 10.5 thousand tons of storage during H1 2013.

UkrAgroConsult comment: Company is following its investment strategy, while constantly communicating its milestones and goals to the general public. We see such approach beneficial for the company in the long term, as even lower price per sales unit might lead to lower sales revenue growth, company’s communication approach will not hurt company’s image to potential investors.   


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