News
Concern Khlibprom pays UAH 404.52 thou. of the interest income by the series C bonds
09.08.2010
On August 5, PJSC Concern Khlibprom paid 19 coupons by the series C bonds totaling UAH 404.52 thou. at the interest rate of 25% annual.
Final payment of the interest income by the bond of the said series will be made on November 4, 2010.
Bond issue parameters: registered interest-bearing bonds with the par value of UAH 1,000 each issued in two series (B and C) numbering 17,000 pieces to the total amount of UAH 17mln. Period of circulation makes up 1820 days.
PJSC Concern Khlibprom saw the increase in its net income by 35% in the first half-year
04.08.2010
In the first half-year, PJSC Concern Khlibprom produced 64.5 thou. tons of bakery and confectionery products and semi-finished bakery products.
The Company’s consolidated income at the end of the half-year made up UAH 315.5mln that is by 35% more than in the last year (UAH 233.7mln). The Company’s net income for the reporting period increased by 53% and made up UAH 4.83mln.Gross income increased year-over-year by 30% up to UAH 366.199 mln.
According to Oleh Cherniakhovskyi, Financial Director of PJSC Concern Khlibprom organizational changes, range unification and implementation of the single packing in five regions where the plant is represented allowed the company to achieve such results. Moreover, implementation of energy saving and logistics optimization projects during the last year contributed to the reduction of expenditures.
In the second half of the year the Company will be continuing the strategy of competitive ability increase and focus its efforts on making the frozen semi-finished bakery goods production work with the planned capacity.
Concern Khlibprom placed the bonds to the amount of UAH 50mln.
03.08.2010
Concorde Capital Investment Company completed the placement of series D bonds of PJSC Concern Khlibprom amounting to UAH 50 mln. with the repayment period due in August 2011. Weighted average bond yield constituted 19.7%. Local investment funds, insurance companies, as well as non-resident funds were the buyers.
«For us the creation of company being transparent and comprehensible to the investors is one of our priorities, which to my mind helped us for more than 2 years become the first company that succeeded in realizing the market placement of UAH bonds,» said Oleh Cherniakhovskyi, Financial Director of PJSC Concern Khlibprom. «This project was attractive for us for several reasons. Firstly, the Company increased the investor base it is working with. Secondly, Khlibprom managed to raise funds to replenish the working capital just during the new harvesting and in such a manner gained an offing to purchase grain now at the attractive prices. The Company can store this grain by means of its own capacities and then use it in the production process. Thirdly, such placement helped Khlibprom reduce the cost of the existing loan portfolio because the part of the costs was used to repay the loans.
The Company intents to use the borrowed funds to: replenish the circulating capital and reserve of grain (UAH 10mln.), make the project of the frozen semi-finished bakery goods production work with the planned capacity (UAH 5mln.), refund the Company’s existing loans on more favorable conditions (UAH 35mln.).
«At the end of July, when we were finishing placement we had bids within our range of profitability (18—22%) to the amount of over UAH 95mln. It means that we were not even able to meet the demand existing for the purchase of these bonds,» commented Andrii Herus, Director of Consulting Department of Concorde Capital IC.
According to
Ihor Mazepa, Director General of
Concorde Capital IC, upon the completion of this project one can expressly state the market of UAH bonds is open again for good issuers. However, it is important to understand that issuers have to be of exclusively high level, high quality. One will be able to work with such issuers even today.
Vehicle fleet of PJSC Concern Khlibprom was enlarged by 30 new trucks.
27.07.2010
As part of competitive strategy PJSC Concern Khlibprom purchased 30 new purpose-built trucks for transportation of bread and bakery products. Bread trucks will be ready to use in five regions where the Concern’s capacities are represented as early as in August this year.
The additional storehouse is expected to improve the logistics of Concern’s products supply in regions.
At the same time, it marked the beginning of a project related to the renewal of the appearance of Concern’s bread trucks.
"Concern Khlibprom is one of the first among the bread producers which as early as in 2006 commenced using the corporate image on its vehicles,"said Liudmyla Kornytska, Head of Marketing Dpartment of PJSC Concern Khlibprom. — Design of bread trucks was renewed with a general style of Khlibna Khata TM taken into account. Furthermore, new trucks retained its original design made in imitation of open sides. All trucks have also web site address of Khlibna Khata TM and free hotline number on.
New product – breadsticks with sesame
21.07.2010
PJSC Concern Khlibprom started the production of original sesame breadsticks made of shortcrust puff dough. The snacks which could be found by the consumers only in the restaurants and pubs will be available from now on by retail. The new production sold by weight at a release price of 11UAH/kg.
"Breadsticks taste not only as snacks during the day, but are well-combined with wine and beer, soups and salads. Such snacks also come to help at home in case the unexpected guests pop up to your place. Restaurants uses long sticks as an element of table setting,” said Olha Antoshkiv, Director of Confectionery Shop Production Unit of PJSC Concern Khlibprom.
Sell-by date of a new product is 1 month. The weight of the wholesale packing is 1.6kg.
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