Ukrproduct (GB:UKR) has released an update.
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Ukrproduct Group Ltd, a leading Ukrainian producer and distributor of dairy and kvass beverages, reported an 8% revenue increase in local currency for FY2023, despite a challenging year due to the war in Ukraine and currency depreciation impacting overall revenue. The company saw significant growth in processed cheese sales driven by exports and marketing strategies, while other product categories like butter and spreads faced competitive and cost pressures. Looking ahead, Ukrproduct aims to maintain production, sales volumes, and improve operational efficiency amidst ongoing challenges.
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