Q4 Russia livestock update - milk production up 31%
Alpcot Agro AB (First North Stockholm: ALPA, “Alpcot Agro” or “the Group”), the owner and operator of farmland with agricultural operations in Russia and Ukraine, reports its Russia livestock update for Q4 2012.
At 31 December 2012, the livestock herd of 6,427 animals consisted of 3,250 dairy cows, 2,719 heifers and 458 bulls and calves. The herd was 7,588 animals at 31 December 2011, consisting of 2,990 dairy cows, 3,365 heifers and 1,233 bulls and calves.
The average milk production on the dairy farms was up 31% year-on-year to 42.1 tonnes per day (Q4 2011: 31.9 tonnes), mostly as a consequence of the improvements in the genetic makeup of the herd as well as its general quality and health.
The average production per cow grew by 15% from 464 litres per month during Q4 2011 to 536 litres per month during Q4 2012.
During Q4 2012, sales of livestock related produce were up 66% year-on-year to SEK 15.9 million excluding VAT (approximately USD 2.4 million), (Q4 2011: SEK 9.6 million, USD 1.5 million). Sales were also up 9% compared to Q3 2012.
The prices on the Group´s milk products were up 15% higher at the end of 2012 compared to last year due to the higher fat and protein content in the milk which commands a higher price.
Stephen Pickup Group CFO commented:
”The reduction in herd size together with the improvement in productivity is clear indication of the improvement in performance of the dairy operation which benefitted from investment in 2011.
Our focus remains on continuing to build on fertility rates and managing feed input costs in the current grain price environment.”
Stephen Pickup, Group CFO +44 782 529 4352
About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Group's aims to generate an attractive return on invested capital by optimally utilizing its agricultural land bank through crop production, dairy farming and other similar operations in Russia and Ukraine.
Alpcot Agro operates four large dairy farms in Russia, each located in one of the Group’s crop production clusters in Kaliningrad, Lipetsk and Voronezh oblasts. The business also includes a meat production unit in Kursk oblast.
Shares in Alpcot Agro are listed on First North under the ticker ALPA and the Group’s Certified Adviser is Remium. Additional information is available on www.alpcotagro.com.