Net loss of Ukrainian food company Ovostar amounted to $18 million
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The Ukrainian food company Ovostar has reported its financial results for the first half of 2022. The company’s net loss amounted to $18 million against a profit of $1.6 million a year earlier, Reuters cites data from Ovostar.
The company posted an operating loss of $17.6 million against a profit of $1.4 million in 2021. Ovostar’s revenue amounted to $56.6 million ($61.4 million a year earlier). EBITDA amounted to a loss of $15.5 million against a profit of $3.5 million in 2021.
Ovostar Union is an agro-industrial Ukrainian agricultural holding, a major producer of chicken eggs. It produces products under the brands YAENSVIT (eggs) and OVOSTAR (egg products).
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