18 October 2011
Avangard (LSE: AVGR LI, N/R) increased its production of shell egg pieces by 48.2% y-o-y to 4,398 mln, the company reported this morning in a trading update. The company said its average sale price for eggs was up 12.5% y-o-y to UAH 0.54 per egg (excluding VAT) during the period, and that it expected selling prices to continue rising through yearend. Sales volumes through modern retailers increased to 30% of total shell egg sales.