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Ukrain egg producer Avangard expects strong half-year results

Avangard Agro-holding, the leading producer of fresh eggs and egg products in Ukraine, in January-June 2010 increased its egg production by 29%, to 1.91 billion eggs.

According to a report of Avangardco Investments Public Limited on the London Stock Exchange, the production growth was achieved mostly as a result of the increase in poultry stock during 2009.

The report says that as of June 30, 2010 the company's total flock was 18.6 million birds, which is 15.5% up year-over-year (June 30, 2009: 16.1 million birds).

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