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PKM Duda to enter domestic and Ukrainian meat sector

2008-11-07 00:00
publikacja
2008-11-07 00:00
In Q3 its revenues reached zł.382 million, while net profits amounted to zł.8.7 million. The firm has already prepared a list of investment projects, which will be financed by the share issue. Most of the almost zł.40 million will be designated for the development of supplies, including the creation and acquisitions of pig farms.

Thanks to these investments, in 2010 30 percent of meat products sold by PKM Duda will be their own. Another zł.30 million will be designated for developing the company's presence in Ukraine.

Apart from that the firm is planning to earmark zł.20 million for its working capital and zł.15 million on expanding its plant in Grąbków. "We will not give up acquisitions of processing plants, but for the time being we have suspended talks. Many companies are not yet ready for consolidation, while others willing to conduct such talks are unattractive for us due to numerous reasons," said Maciej Duda, president of PKM Duda.

Sources: Puls Biznesu, Parkiet, Rzeczpospolita (M.M.)

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