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Last checked at 
9 Apr 2015 10:13
April 9, 2015, Kyiv, Ukraine
MHP S.A.Change in Date of Annual Report 2014
MHP S.A., one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, will release its annual financial results for 2014 ended 31 December 2014 on Wednesday, 29 April 2015.
The main reason for a move in a date is related to the revaluation of fixed assets of the Company (more than 60 enterprises), which is quite time consuming. As a result of significant Hryvnia devaluation, management of the Group has considered valuation of certain groups of fixed assets based on historical cost to be inappropriate as such valuation is not representative of the current value for such assets. In this respect, management of the Group has adopted change in accounting policy to the valuation of certain groups of fixed assets from cost basis to the fair value.
MHP's management will host a conference call for investors and analysts followed by Q&A on the day of the results. The dial-in details for the conference call will be provided in advance (at least 1 week before the announced date).
For investor relations enquiries:
MHP Anastasia Sobotyuk (Kyiv) a.sobotyuk@mhp.com.ua |
Kyiv: +380 44 207 99 58
|
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