OREANDA-NEWS. October 14, 2009. According to the Company data, in 9M09, Myronivsky Hliboproduct < MHPC LI BUY > increased its chicken meat sales by 19%, y/y to 192.9kt. This was mainly due to the fact that phase two of the Myronivka poultry farm reached its full capacity in 3Q09. At the same time, MHP harvested 38.4kt of rapeseed, with the yield rate of 2.7t/ha (42% higher than the industry average), 208.3kt of wheat with the yield of 5.9t/ha (97%). The Company has also harvested 98% of sunflower with the yield of 3.1t/ha (106%), and 40% of the corn harvest with the yield of 8.5t/ha (81%). Additionally, sausage and cooked meat production volumes increased by 72%, y/y to 18.2kt in 9M09.

Millennium Capital regardS the news as positive for MHPC, since the production results of the Company are in line with our 2009 forecasts. Millennium Capital confirms recommendation to BUY MHP shares, while the update of its share price will be made after the publication of the Company 9M09 financial results.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.