Livestock update Q2 2012
Alpcot Agro increases milk production by 49.4 percent in the second quarter 2012 compared to the same period last year.
Highlights for the period
During Q2 2012, the average milk production on the Company’s dairy farms amounted to 53.2 tons per day, an increase by 49.4 percent from 35.6 tons per day in Q2 2011.
The average production per cow increased from 499 liters per month during Q2 2011 to 579 liters per month during Q2 2012, a growth by 16 percent.
As at 30 June 2012, the livestock herd amounted to 6,973 animals, whereof 3,204 dairy cows, 2,951 heifers and 818 bulls and calves, compared to 6,104 animals whereof 2,801 dairy cows, 2,530 heifers and 773 bulls and calves at the same date last year.
During Q2 2012, sales of livestock related produce amounted to RUB 80.5 million including VAT (about SEK 17.1 million), an increase by 54 percent compared to the same period 2011 and by 1.4 percent compared to the first quarter 2012.
Jens Peter Aabyen, Managing Director of Alpcot Agro, comments:
”In the past quarter we have seen further positive developments across the livestock business. The milk production per cow is now on a historical high and the sales of both milk and meat are increasing significantly. As part of improving the overall genetics of the livestock, the number of cattle will be slightly reduced during the year, but this will not have material effect on the production volumes.”
Stockholm, 12 July 2012
For more information please contact:
Jens Peter Aabyen, Managing Director, tel +7 903 779 23 36
Stephen Pickup, Group CFO, tel: +44 782 529 4352
About Alpcot Agro’s livestock business:
Alpcot Agro operates four large dairy farms in Russia, each located in one of the Company’s crop production clusters in Kaliningrad, Lipetsk and Voronezh oblasts. The business also includes a meat production unit in Kursk oblast.
About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea is to generate an attractive return on invested capital by optimally utilizing the Company’s agricultural land bank through crop production, dairy farming and other similar operations in Russia and the other CIS states. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium Nordic AB. Additional information is available on www.alpcotagro.com.