UBM Holding Turned From Loss to Profit
3 Articles
3 Articles
UBM Holding, whose annual reports were approved by shareholders on Friday, closed its business year ending June 30 with improved results despite stagnating sales. Production volume increased by more than 36 percent, mainly due to the acquisition of Royal Agrifirm's Hungarian subsidiary. In the meantime, the company sold its minority stake in Romania and agreed to acquire the majority ownership of a Greek feed manufacturer. The company is looking…
UBM Group increased its EBITDA by nearly 16 percent, while its sales revenue fell slightly short of the previous year's record. The agricultural company, which has a turnover of 237.3 billion forints, would expand through acquisitions in Greece and the construction of a new feed plant in Kazakhstan.
Despite the unfavorable agricultural market environment, the UBM Group closed its last business year with sales of HUF 237.3 billion. A key player in the domestic feed industry, it improved its operating results while significantly increasing its production and is preparing for new international investments.
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