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Ukrproduct Reports Resilient Performance Amidst Challenging Conditions in 2024

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Ukrproduct Reports Resilient Performance Amidst Challenging Conditions in 2024

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Ukrproduct ( (GB:UKR) ) has shared an update.

Ukrproduct Group Limited reported its audited results for the year ending December 31, 2024, highlighting a challenging year marked by the ongoing war in Ukraine. Despite the difficult conditions, including currency instability and supply chain disruptions, the company managed to grow local currency revenues by 13%, although reported GBP revenue remained stable. The company faced a decline in EBITDA by 29% to £1.7 million due to strategic decisions aimed at preserving business capacity and employment. The company also continues to face financial pressure, including a breach of loan covenants with the EBRD, but remains in discussions for restructuring. Despite these challenges, Ukrproduct launched new products and maintained its essential position in Ukraine’s dairy supply chain.

More about Ukrproduct

Ukrproduct Group Limited is a leading Ukrainian producer and distributor of branded dairy foods and beverages, including kvass. The company plays a vital role in Ukraine’s national infrastructure by supporting food security, rural employment, and export potential.

Average Trading Volume: 80,362

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.98M

For detailed information about UKR stock, go to TipRanks’ Stock Analysis page.

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