March 29, 2011MHP [MHPC LI, U/R] has increased its net income by 34.7% in FY10
MHP [MHPC LI, U/R] posted strong financial results for FY10. The Company’s net sales increased by 32.8% YoY, to USD 944.2 mln (FY09: USD 711.0 mln). The EBITDA increased by 19.8% YoY, to USD 324.7 mln (FY09: USD 271.0 mln). The EBITDA margin remains high; however, it decreased to 34.4% from 38.1% in FY10. Net income grew by 34.7% YoY, to USD 215.4 mln versus USD 160.0 mln in FY09, mostly due to increases in volume sales and prices of chicken meat and sunflower oil.