Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ukraine’s Avangardco Says Net Income Rose 46% in First Half

Avangardco Investments Public Ltd., a Ukrainian egg producer, said its profit rose 46 percent in the first half of the year on higher sales and better prices.

Net income rose to $97.6 million in the six months ending June 30 compared with $67 million a year earlier, the company, which is based in capital Kiev, said in an e-mailed statement today. Sales of eggs increased 13 percent to 2.41 billion units, the company said.

“Demand for our product continued to increase,” said Chief Executive Officer Nataliya Vasylyuk in the statement. “The company was able to significantly increase its exports to the Middle East, North Africa and Asia as well as to increase sales of its products to the domestic market.”

The company, which raised $187.5 million by selling a 20 percent stake in a London initial share sale in 2010, wants to start exporting poultry products to the European Union. Avangardco rose to $10.10 per share yesterday, the highest since Aug. 7.

Revenue increased 26 percent to $283.6 million from $233.9 million a year earlier. Average egg price in Ukraine increased by 26.4 percent, according to Avangardco.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.