MHP SE Announces Production and Sales Results for the Fourth Quarter and Twelve Months Ended December 31, 2018
January 24, 2019 at 02:53 am
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MHP SE announced the production and sales results for the fourth quarter and twelve months ended December 31, 2018. For the quarter, the company reported poultry production volume increased by 13% to 159,431 tonnes against 141,544 tonnes a year ago.
For the full year the company increased by 9% to 617,943 tonnes against 566,242 tonnes a year ago, due to increased production of heavier chicken and decreased share of thinning as well as due the launch of new rearing sites of Phase 2.
For the fourth quarter, the company reported sales volume of 144,183 tonnes against 113,746 tonnes a year ago.
For the full year, the company reported sales volume of 593,527 tonnes against 532,727 tonnes a year ago.
MHP SE is an agro-industrial holding company. The Company focuses on the production of poultry and cultivation of grain. The Company's segments are Poultry and related operations, Grain growing operations and Other agricultural operations. The Poultry and related operations segment is engaged in producing and selling chicken products, vegetable oil, soybean oil and mixed fodder. It includes over four chicken and approximately two breeder farms, over two sunflower oil plants and a soya crushing plant, over four feed mills and food facilities. The Grain growing operations segment is engaged in growing crops for fodder and for sale to third parties on over 360,000 hectares of land, including arable farms and grain storage facilities in plastic bags. The Other agricultural operations segment is engaged in producing and selling sausages and cooked meat, beef, goose and foie gras, and fruit. It includes a mixed farm, a goose farm and over two facilities for producing meat products.