MHP trading update shows gains
Chicken meat sales grew 30%
Ukrainian agro-industrial firm MHP S.A. announced sales gains in its pre-close trading update for the second quarter and first six months of the year ending June 30, 2010. The company reported increases in the volume of chicken meat sales to external consumers. The company also reported increases in the volume of sunflower oil, sausage and cooked meat production. In addition, grain yields are expected to be as strong as last year.
For the second quarter chicken meat sales grew 30% and were up 45% for the first six month period ending June 30. While chicken prices were flat during the quarter and half-year period, demand was high.