Brief: Ukraine's Ovostar Turns To Loss At $18 Mln In H1

Ovostar Union NV

26/08/2022 16:20

Aug 26 (Reuters) - Ukrainian agricultural company Ovostar
 OVO.WA  reports H1 2022 financial results:
    * NET LOSS AT $18.0 MLN VS PROFIT $1.6 MLN YEAR AGO 
    * REVENUE AT $56.6 MLN VS $61.4 MLN YEAR AGO, DOWN 8% Y/Y 
    * EBITDA LOSS $15.5 MLN VS PROFIT $3.5 MLN YEAR AGO 
    * OPERATING LOSS AT $17.6 MLN VS PROFIT $1.4 MLN YEAR AGO
    * SINCE START OF MILITARY CAMPAIGN, GROUP FACED SIGNIFICANT
OBSTACLES TO EXPORT ACTIVITIES DUE TO SERIOUS DISRUPTIONS IN
LOGISTICS
    * SEIZURE OF ODESSA PORT OPERATIONS CUT ACCESS TO MIDDLE
EAST
MARKETS, WHERE COMMODITIES WERE SHIPPED BY SEA




 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))