Ukrainian agro-industrial group MHP has booked a 20% jump in EBITDA for the year to 31 December as higher selling prices boosted revenues.

Sales during the 12 months jumped 33% to US$944m, the company said in a results announcement on Monday (28 March).

EBITDA increased to $325m, despite margins falling slightly from 38% of sales to 34%. The company attributed this decline to a higher contribution to total sales from its sunflower oil business, which saw sales rise 39%.

Net income rose 35% to $215m, with net margin remaining stable at 23%.