Leading Dairy Companies in Belarus: Profit Margins and Growth Rates
Cream of the Crop: Belarusian Dairy Business Booms
In the bustling world of Belarusian dairy, 2024 was a year of major leap forward. Even enterprises that ended 2023 in the red managed to turn a profit, while profit-making ones saw a substantial boost in their earnings. A closer look at the open financial reports confirms this revitalizing trend.
Leading the pack in all categories is OAO "Savushkin Product". If you're curious about the dollars and cents, their revenue for the year was an impressive 3905.3 million rubles, representing a 18.3% increase from the previous year. Their net profit received a remarkable 66.1% boost, hitting 311.2 million. These impressive numbers increased their own capital by 22.6%, finishing the year at 1984.9 million rubles - a figure surpassing the other six competitors in the industry.
Claiming the second spot on our podium is OAO "Slutsk Dairy Plant" with a revenue of 2026.2 million rubles (a delightful 30.1% increase) and a net profit of 173.5 million rubles, marking a significant change from the 25.3 million loss they encountered in the previous year. Rounding out the top three contenders is OAO "Molochny Mir", boasting a revenue of 1139.4 million rubles and a net profit of 125 million, registering growth rates of 20.9% and 81.7% respectively.
The revenue of other businesses may not have reached the billion-ruble mark, but their growth rates make up for it. Take Lidsky MCK for example, whose revenue reached 978.4 million rubles (+32.9%) and whose net profit turned from a deficit of 43.8 million rubles to a positive 51.9 million. Minsk Milk Plant No. 1 notched a revenue of 971 million (+34%), propelling their net profit from a mere 0.53 million to a robust 3.9 million rubles.
Babushkinskaya Krynka saw a 23% increase in revenue to 952.8 million, a welcome change from a 20 million loss to a 35.4 million net profit. Rogachevsky MCK experienced a 14.5% increase in revenue, and BELAKTA witnessed a 19.6% increase to 587.4 million, both registering impressive net profit growths of 7 and 2.2 times respectively (to 31.9 million and 31.9 million rubles).
The Turovsky Milk Plant showed the highest revenue growth rate of our top ten, with a 34.8% surge to 537.8 million rubles, reversing their previous year's loss of 40.4 million to a net profit of 12.5 million rubles.
Of interest, dairy-related loans (consumer, auto, business, mortgage, deposits, credit cards, debit cards, and leasing services for new and used cars, as well as business car leasing services), fill out our top ten list with Kobrinsky MSZ ending the year with a revenue of 422.3 million rubles and a net profit of 20.1 million rubles (an 13.1% increase, 3.3 times).
Insights:Though specific financial data for Belarusian dairy processing enterprises in 2024 might be hard to come by, it is plausible to infer some insights based on broader economic and trade trends involving Belarus. For example, Belarus has observed a sharp increase in dairy exports to countries like Azerbaijan and Tajikistan, which could potentially indicate improved performance for Belarusian dairy processing enterprises.
Moreover, Belarus' overall economic standing in 2024 included a GDP ranking of 87th globally, facing an official inflation rate of 5.2%. Despite these challenges, the trade diversification and growth in certain sectors, like dairy exports, suggest that some enterprises may have outperformed others. Without specific data on individual Belarusian dairy processing enterprises, identifying top performers and growth rates is tricky, but the general increase in dairy exports could hint that firms involved in expanding export markets like Azerbaijan and Tajikistan may have experienced improved financial performance.
- In a remarkable turn of events, even loss-making dairy enterprises in Belarus managed to generate profit in 2024, while profit-making ones saw a significant boost in their earnings.
- The Belarusian dairy business witnessed a resurgence in 2024, as seen in the financial indicators of leading companies like OAO "Savushkin Product", which posted a net profit of 311.2 million rubles, a 66.1% increase from the previous year.
- OAO "Slutsk Dairy Plant" and OAO "Molochny Mir" also saw impressive growth in their revenues and profits, finishing the year in the second and third spot, respectively.
- Lesser-known dairy businesses like Lidsky MCK, Minsk Milk Plant No. 1, Babushkinskaya Krynka, Rogachevsky MCK, and BELAKTA also demonstrated growth, with some turning deficits into profits.
- The Turovsky Milk Plant showed the highest revenue growth rate out of the top ten dairy companies, significantly improving its financial position from a loss to a net profit. These trends suggest that the Belarusian dairy sector, despite global economic challenges, is showing signs of growth and profitability.
