Largest Dairy Companies in Belarus: Profit Margins and Market Growth Rates
This year's financial performance of Belarusian dairy processors has seen a significant boost, with struggling enterprises turning a profit and profitable ones hitting new heights. A clear standout is OAO "Savushkin Product," which raked in 3905.3 million rubles in revenue, up 18.3% from the previous year. The company's net profit soared by 66.1%, reaching 311.2 million, and its own capital grew an impressive 22.6%.
Securing the second spot is OAO "Slutsk Dairy Plant" with a revenue of 2026.2 million rubles, an increase of 30.1%, and a substantial net profit of 173.5 million, significantly reversing a loss of 25.3 million in the previous year. OAO "Molochny Mir" rounds off the top three with a revenue of 1139.4 million rubles and a net profit of 125 million, marking an increase of 20.9% and 81.7% respectively.
The remaining enterprises may not have reached the 1 billion ruble mark in revenue, but their growth rates are nothing to sneeze at. For instance, Lidsky MCK's revenue was 978.4 million rubles, up 32.9%, and its net profit reached 51.9 million against a loss of 43.8 million in 2023. Minsk Milk Plant No. 1 saw its revenue soar 34% to 971 million and its net profit increase 7.4 times, from 0.53 million to 3.9 million rubles.
Babushkinskaya Krynka registered a 23% revenue jump, to 952.8 million, and converted a 20 million loss into a 35.4 million ruble net profit. Rogachevsky MCK and BELAKTA both experienced revenue growth, though their net profits saw the more dramatic increase––Rogachevsky MCK's net profit grew 7 times (to 31.9 million) and BELAKTA's doubled (to 31.9 million).
Turovsky Milk Plant recorded an impressive 34.8% revenue increase, to 537.8 million rubles, and went from a loss of 40.4 million in 2023 to a net profit of 12.5 million. Closing out the top ten is Kobrinsky MSZ with revenue of 422.3 million rubles and a net profit of 20.1 million, a 13.1% increase with profits tripling.
When it comes to financial details for these top-performing dairy processors, the search results are a bit thin. However, the Belarusian agricultural sector as a whole is ambitious, aiming to boost milk production to 9.2 million tonnes by 2025. Belarus has also seen growth in food exports, particularly to countries like Tajikistan, though this doesn't necessarily pertain to the dairy processing sector. The agricultural sector is a significant contributor to Belarus's GDP, accounting for around 7% of its total. Belarus's economy, however, remains heavily reliant on Russia, with 60% of exports directed there.
To access the specifics of financial performance data for dairy processing enterprises in Belarus, one would need to consult company reports or industry-specific analyses not readily available in the search results.
In the competitive Belarusian dairy processing industry, the industry's financial growth is evident as struggling enterprises show profit and profitable ones scale new heights. Furthermore, the finance sector can attest to the significant progress made by companies such as OAO "Savushkin Product," which experienced a revenue growth of 18.3% and a net profit surge of 66.1%, demonstrating the potential for growth in the country's business sector.
