Khlibprom’s Consolidated 1Q07 Net Revenues Rose to USD 13.7 mln

Khlibprom (HLPR), one of Ukraine’s largest bakeries, reported 1Q07 consolidated financial results: net revenues of USD 13.7 mln (+27.7% yoy), net income of USD 0.2 mln. The company produced 26.5 ths mt of bread and bakery products for a total sum of USD 10.6 mln (+19% yoy). Olha Pankiv: The company’s consolidated revenues grew due to an increase in bread production by 4%, growth in the average price of Khlibprom’s bread by 15%, and an increase in revenues from retail shops, the number of which grew from ~90 at the beginning of 2006 to 108 in 1Q07.