29th Sep 2026 14:47
Ukrproduct Group Ltd - Ukrainian producer and distributor of branded dairy foods and beverages legally based in Jersey, Channel Islands - says its performance in the first six months of 2026 was resilient despite an environment under "severe, and in several respects worsening, pressure". Revenue fell 6.0% to GBP19.0 million from GBP20.2 million a year earlier, while pretax loss narrowed to GBP83,000 from GBP163,000.
The company says two of its sites in Ukraine sustained damage from missile strikes during the period. Strikes on logistics infrastructure also disrupted distribution. Selling and distribution expenses rose 20% to GBP1.2 million from GBP1.0 million.
The company says labour turnover was high as young workers relocated abroad or were mobilised.
Ukrproduct says: "The fact that we still closed the half with production running, salaries paid and customers supplied is, we believe, the clearest measure of this business’s resilience."
Looking ahead, Ukrproduct expects the operating environment to remain fragile due to the worsening of the conflict and financial constraints.
Current stock price: up 0.8% to 8.47 pence
12-month change: up 47%
By Camilla Borri, Alliance News reporter
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