MHP SE reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2019. For the quarter, revenue was $436.324 million against $305.576 million reported a year ago. Operating profit was $49.996 million against $61.954 million reported a year ago. Profit for the period was $33.347 million or $0.32 per basic and diluted share against $89.784 million or $0.84 per basic and diluted share reported a year ago.

For the quarter, Poultry production volumes increased by 13% to 171,272 tonnes year-on-year compared to 152,167 tonnes a year ago.

For the year 2019, the company expects an increase in production volume of chicken meat by around 100,000 tonnes as a result of the expansion of the Vinnytsia poultry complex (Phase 2) in Ukraine, mostly sent for exports (forecasted at around 380,000 tonnes of chicken meat), will be supported by growth in local and export prices based on current price trends; an increase in production volume of chicken meat by around 80,000 tonnes following the acquisition of Perutnina Ptuj with expected higher financial results y/y due to cost optimization. Expectations for the full year remain unchanged.