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Pork & Processing

News 718 views last update:Mar 18, 2013

APK-Invest: Increased net profit

APK-Invest, one of the largest pork producers in Ukraine had very strong operational results in 2012, the company’s president Denys Omelyanovych said.

Thus, the company’s net profit last year amounted to UAH 89 mln (US$ 10.9 mln) which is 4 times more than in 2011.

APK-Invest, produced 15% of the pork meat in Ukraine last year, increased pork meat and sausages production by 55% to 30,700 tonnes. The company also announced plans to produce 42,000 tonnes this year.

APK-Invest, based in the eastern Ukrainian city of Donetsk, sees its sales at around 1.3 billion hryvnian (US$ 160 mln) in 2013, compared with 1 billion (US$123 mln) in the previous year, Omelyanovych said.

The company will also increase its land bank to 50,000 hectares by 2015 from 32,000 it had in 2012 to boost the production of feed crops. APK-Invest plans to reap as much as 70,000 metric tonnes of grains this year which is almost two times more 36,200 tonnes it harvested in 2012, he said.

“We are aiming to have 65% of our grain needs covered from our harvest,” Omelyanovych said.

The company, set up in 2006, invested around 500 million hryvnia (US$ 61 mln) into its expansion last year and plans to keep the level of investments at the same level in 2013, said APK-Invest’s chief executive officer Roman Raspopov, adding that half of the proceeds were provided by the owner, while the rest was borrowed from banks.

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