Posting of Annual Report

RNS Number : 5850J

Ukrproduct Group Ltd

13 June 2014

 



FOR IMMEDIATERELEASE                                                                                                           13 June 2014

ANNUAL REPORT FOR THE YEAR

ENDED 31 DECEMBER 2013

Ukrproduct Group Limited ("Ukrproduct" or the "Company") (AIM: UKR), one of the leading producers and distributors of branded dairy foods and beverages (kvass) in Ukraine, today announces that the annual report and accounts of the Company for the year ended 31 December 2013 has been posted to shareholders and is also available on the Company's website at www.ukrproduct.com.

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For further information, please visit www.ukrproduct.com or contact: 

Ukrproduct Group Ltd. Sergey Evlanchik Chief Executive Officer Tel: [phone] [e-mail]

Cantor Fitzgerald Europe Nominated advisor and Broker Stewart Dickson / Julian Erleigh Tel: [phone] Jeremy Stephenson / Katie Ratner Tel: [phone]

Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products and kvass, a traditional fermented beverage. The Group's product portfolio includes processed and hard cheese, packaged butter, skimmed milk powder (SMP) and kvass. Ukrproduct has built a range of recognisable product brands ("Our Dairyman", "People's Product", "Creamy Valley", Molendam", "Farmer's") that are well known and highly regarded by consumers. The Group has modern production facilities that comprise four dairy plants in western and central regions of Ukraine (Zhytomyr, Starokonstantyniv, Krasyliv and Letychiv) with a total annual integrated capacity of approximately 60,000 tons of dairy products. With its own fleet of more than 200 vehicles, Ukrproduct has one of the largest logistics and distribution networks in Ukraine which covers the country's eight major cities. The Group reported total assets of approximately GBP 32.9 million as at December 31, 2013 and consolidated revenues of approximately GBP 52.2 million for the twelve months ended December 31, 2013. Ukrproduct's securities are traded under the symbol "UKR" on AIM, a market operated by the London Stock Exchange. Ukrproduct's securities are traded under the symbol "UKR" on AIM, a market operated by the London Stock Exchange.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and they may differ materially from the actual events or results. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in such projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Ukraine, rapid technological and market change in our industry, as well as many other risks specifically related to the Group and its operations.

 

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MSCLIFEARDIVLIS