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Posted On

28
March
2023

Poltava poultry farm sees net profit fall by 58.3% in 2022

KYIV. March 28 (Interfax-Ukraine) – PrJSC Poltava Poultry Farm (Poltava region), a major producer of eggs and egg products, last year reduced its net profit by 58.3% compared to 2021, to UAH 43.64 million.

According to the announcement of holding a remote meeting on April 28, the company’s assets increased by 7% over the year, to UAH 1.055 billion, while retained earnings increased to UAH 908.36 million.

The total accounts receivable at the end of the year decreased insignificantly by 1.1% – to UAH 419.02 million. At the same time, current liabilities increased by 24.1%, to UAH 128.25 million.

At the same time, Poltava Poultry Farm significantly increased free cash – from UAH 7.69 million at the end of 2021 to UAH 125.2 million at the end of 2022.

According to the report, the shareholders plan to make a decision to leave the company’s net profit received in 2022 undistributed, while not accruing or paying dividends.

According to the unified state register of legal entities and individual entrepreneurs, the owner of the significant participation of Poltava Poultry Farm is Amaringo ltd (Cyprus).

The group of companies is engaged in the production of eggs and feed, as well as the import and trade of veterinary drugs and feed additives.