May 23, 2017 / 6:11 AM / 2 months ago

BRIEF-MHP Q1 net result turns to profit of $57 million

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May 23 (Reuters) - MHP SA

* Q1 NET PROFIT $57 MILLION VERSUS LOSS OF $56 MILLION YEAR AGO

* Q1 REVENUE OF US$ 279 MILLION, INCREASED BY 27% YEAR-ON-YEAR (Q1 2016: 220 MILLION)

* SAYS ADJUSTED EBITDA MARGIN DECLINED TO 33% (Q1 2016: 41%)

* q1 Operating Profit of Us$ 74 Million, Increased by 3%

* AT END OF Q1 NET DEBT DECREASED TO US$ 1,063 MILLION, COMPARED TO US$ 1,225 MILLION AS AT 31 MARCH 2016

* PHASE 2 OF VINNYTSIA COMPLEX - LINE 1 OF 130,000 TONNES TOTAL CAPACITY, IS GOING TO BE LAUNCHED IN MIDDLE OF 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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