Ukrproduct Group Ltd (UKR)

Sector:

Food

 2.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.62
  • 52 Week Low: 2.00
  • Currency: UK Pounds
  • Shares Issued: 40.82m
  • Volume: 0
  • Market Cap: £0.92m
  • RiskGrade: 84

UKRproduct Group's shares dip amid 'uncertainty' over continuing operations

By Duncan Ferris

Date: Thursday 27 Jun 2019

LONDON (ShareCast) - (Sharecast News) - UKRproduct Group's shares dropped on Thursday after it cautioned of "significant uncertainty" over its ability to continue operations as it struggles to achieve profitability even as it remained in breach of certain terms on a loan covenant.
The Ukrainian dairy and beverage producer said it continued to be in breach of the covenant terms on its loan from the European Bank for Reconstruction & Development, but remained optimistic that the multilateral lender would not demand accelerated repayment.

Critically, with cash and cash equivalents at £0.2m at the end of 2018, down from £0.5m at the same point a year earlier, UKRproduct also said it aimed to raise further funding in the second half of 2019.

Its main strategic aim was to expand foreign sales and extend its reach into Asia and Africa, in particular, while continuing to grow in Kazhakstan and Ukraine.

The AIM traded company swung from a loss before tax of £1.2m for 2017 to a profit before tax of £0.1m in 2018 as revenue rose by 21% to £36.9m amid higher sales of packaged butter, processed cheese products and beverages.

But the benefits of the revenue increase were largely tempered by a 24% jump in cost of sales to £33.8m.

Looking ahead, the business said it expects to lift its sales volume and revenues by launching new products and improving the profitability of its key dairy product and beverage segments.

Ukrproduct Group's shares were down 10.49% at 2.90p at 1248 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UKR Market Data

Currency UK Pounds
Share Price 2.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.62
52 Week Low 2.00
Volume 0
Shares Issued 40.82m
Market Cap £0.92m
RiskGrade 84

UKR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.27% above the market average84.27% above the market average84.27% above the market average84.27% above the market average84.27% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average
Price Trend
21.2% below the market average21.2% below the market average21.2% below the market average21.2% below the market average21.2% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Income Not Available
Growth
55.24% below the market average55.24% below the market average55.24% below the market average55.24% below the market average55.24% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average

UKR Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

UKR Key Personnel

CEO Alexander Slipchuk

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