MHP increases poultry meat production by 26% yoy

Mironivsky Hliboproduct (MHPC LI) announced this morning that it increased poultry meat production last year by 26% yoy to 215 ths mt. The company, which utilizes its own grain to raise poultry, said that it gathered 318 ths mt of grain from 46 ths ha in 2008.  MHP reported that it planted 64 ths ha with winter crops for harvest in 2009 vs. 50 ths ha planted last year. The company said it leased a total of 180 ths ha of land. MHP said that its total debt as of Dec. 31, 2008 stood at USD ~510 mln, most of which was nominated in dollars. MHP plans to release its full-year 2008 financial results in April 2009.