Brief: Ovostar Union FY Net Profit Down At $17.5 Mln

Ovostar Union NV

19/04/2019 10:16

April 19 (Reuters) - Ovostar Union NV  OVO.WA :
    * FY NET PROFIT $17.5 MILLION VERSUS $22.9 MILLION YEAR AGO
    * FY EBITDA $21.9 MILLION VERSUS $26.5 MILLION YEAR AGO
    * FY REVENUE $125.0 MILLION VERSUS $98.7 MILLION YEAR AGO
    * SAYS IN 2019 PLANS  CONSTRUCTION OF TWO MORE POULTRY
HOUSES FOR
LAYING HENS AND TWO REARING HOUSES FOR YOUNG HENS
    * SAYS CO PLANS TO CONSTRUCT A POULTRY PROCESSING PLANT
    * IN 2018 CO'S TOTAL POULTRY FLOCK DECREASED BY 3% TO 7.6
MILLION
HENS (7.7 MILLION HENS YEAR AGO)
    * IN 2019 OUR EXPORT SALES ARE EXPECTED TO GENERATE AROUND
50% OF
OUR TOTAL REVENUE
    * IN 2018 EGG PRODUCTION DOWN 2% YOY TO 1.63 BILLION EGGS 
(1.66
BILLION EGGS YEAR AGO)
    * SEES 2019 EGG PRODUCTION AT 1.85 BILLION EGGS

Source text for Eikon:  ID:nEM47B84ma 
Further company coverage:  OVO.WA 

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