Leading Dairy Companies in Belarus: Profit Margins and Growth Rates
Up-to-Date Dairy Processing Profits in Belarus
It's no secret that Belarusian dairy processing businesses had a fantastic year in 2024. Loss-making companiesfound their way to profitability, while already profitable enterprises saw significant improvements in their financials, as confirmed by public financial statements.
The undisputed champion in all areas is OAO "Savushkin Product". Its revenue escalated to a whopping 3905.3 million rubles, marking a 18.3% surge from the previous year, and net profit skyrocketed by an incredible 66.1% to 311.2 million. The company's capital increased by 22.6%, reaching a staggering 1984.9 million rubles, outdoing the other six contestants in the industry.
Sliding into second place, OAO "Slutsky Dairy Combine" claimed a revenue of 2026.2 million rubles (up 30.1%) and a net profit of 173.5 million rubles (quite astoundingly, shifting from a loss of 25.3 million the year prior). OAO "Molochny Mir" completes the top three with revenue at 1139.4 million rubles and a net profit of 125 million (a sensational 20.9% growth in revenue and 81.7% boost in profits).
The rest of the competitors may not have breached the 1 billion ruble barrier, but their growth rates are nothing short of remarkable. For instance, Lida Milk Processing Plant boasted revenue of 978.4 million rubles (+32.9%), and a net profit of 51.9 million versus a loss of 43.8 million the previous year. Minsk Milk Plant No. 1reported revenue of 971 million (+34%) and a staggering 7.4-fold increase in net profit – from 0.53 million to 3.9 million rubles.
"Babushkinskaya Krynka" managed a 23% revenue increase to 952.8 million, converting a 20 million loss into a solid 35.4 million net profit. Revenue at Rogachev Milk Processing Plant rose by a more moderate 14.5%, but net profit increased a robust 7 times to 31.9 million rubles. BELAKTA saw a 19.6% revenue bump to 587.4 million, with a corresponding 2.2-fold increase in net profit (to 31.9 million rubles).
The Turov Dairy Combine demonstrated the most impressive revenue growth among our top 10 at 34.8%, surging to 537.8 million rubles, and posting a net profit of 12.5 million rubles (a striking reversal from a loss of 40.4 million the previous year).
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Closing off the top ten is Kobrinsky MSZ with revenue of 422.3 million rubles and 20.1 million in net profit (an impressive 13.1% gain, three times higher).
- Trade and Exports
- Gross Added Value and Investments
- Top Performers and Growth Rates
- Enrichment Insights
Though specific data on dairy processing enterprises for 2024 might not be readily available, it's worth noting that Belarus has experienced substantial growth in food exports, with Tajikistan exports increasing by 61.8% in 2024 compared to 2023[2]. This suggests a strong export market, which could have a positive impact on sectors like dairy processing. The overall turnover of the agro-industrial complex in Belarus exceeded USD 8 billion in 2024, demonstrating the sector's substantial contribution to the country's economy[4]. However, specific details regarding dairy processing enterprises are not provided. In recent years, investments in agricultural capital assets have been on the rise, which could support the dairy industry's improvements[4].
Leading companies in the Belarusian dairy sector include Molochny Mir JSC, well-known for its diverse dairy product range. However, without specific company data, precise growth rates or performance metrics for this or other companies cannot be accurately determined for 2024. To access precise data on top performers and growth rates, it's recommended to review company reports or industry-specific analyses.
- An individual interested in investing might find opportunities in the booming Belarusian dairy industry, considering the significant profitability improvements shown by companies like OAO "Savushkin Product" and OAO "Slutsky Dairy Combine" in the field of personal-finance.
- While the specific financial performance of dairy companies in 2024 may not be readily available, the escalating revenue and net profit of top performers like OAO "Savushkin Product" and Molochny Mir JSC suggest promising business prospects for those interested in finance and investing in Belarus' dairy sector.
