April 20, 2017 / 6:15 AM / 4 months ago

BRIEF-Ovostar Union NV FY 2016 net profit lowers to $22.2 mln

April 20 (Reuters) - Ovostar Union NV:

* FY 2016 net profit $22.2 million versus $31.0 million year ago

* FY 2016 revenue $77.7 million versus $75.6 million year ago

* FY 2016 EBITDA $24.1 million versus $34.8 million year ago

* FY 2016 egg production increased by 24 percent year on year to 1.48 billion eggs

* As at Dec. 31, 2016 total flock grew by 16 percent to 7.6 million hens, while laying hens flock increased by 22 percent and reached 6.5 million hens

* Sees that in 2017 export sales will generate over 35 percent of total revenue Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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