The dairy producer reported a £2.0 million loss for FY2024, grappling with war-related challenges, debt covenant breaches, and tightening liquidity. Despite local currency revenue growth, financial pressures and economic uncertainty cloud the outlook.
The dairy and food manufacturer has appointed a new CFO with over 15 years of finance experience.
The retailer has received notification of additional loan deferral fees owed to the EBRD, but discussions are ongoing to potentially restructure the loan.
Ukrproduct, a Ukrainian dairy and beverage producer, navigates challenges amid war while improving profitability.
Ukrproduct Group's unaudited interim financial results for H1 2023 show £18.3 million revenue with 19.5% organic growth.