MHP paid UAH 3.7 billion in taxes in the first half of 2024

In the first half of 2024, MHP enterprises transferred almost UAH 3.7 billion to the budgets of all levels in the form of tax charges, contributions and fees, the company reported, according to UNN.

The volume of tax deductions increased by 40% compared to the first half of 2023. 

As indicated, in total, in the previous year of 2023, MHP's enterprises transferred more than UAH 6 billion to the budgets of all levels.  Thus, for several years in a row, MHP has remained the leader in tax payments in the agricultural sector.  

"Despite all the challenges of a full-scale war, MHP continues to operate steadily and contribute to the financial stability of the country. The entire MHP team understands the significance of these figures for the Ukrainian economy in the most difficult period of its history. This success would not have been possible without the hard work and dedication of each and every MHP employee. Paying taxes, investing in Ukraine, creating jobs - MHP's activities are a responsible business," comments Viktoriia Kapelyushna, Deputy CEO and CFO of MHP." 

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MHP is an international food and agricultural technology company. It has production facilities in Ukraine and the Balkans. MHP shares are listed on the London Stock Exchange. The company employs over 32 thousand people in Ukraine and abroad and is one of the top 10 employers in Ukraine according to Forbes.  

MHP exports its products to more than 70 countries. Its land bank is 360,000 hectares in 12 regions of Ukraine. The company is the largest taxpayer in the agricultural sector in 2023 and is one of the TOP 5 largest investors in the country. As a culinary company, MHP develops more than 15 product brands and, together with partners, several chains, including Myasomarket stores and Döner Market outlets. MHP also operates a Culinary Center.  

Together with its strategic partner, the MHP Community Foundation, the company develops communities. The company is implementing the MHP Next door program to provide individual support and comprehensive assistance to the military, veterans, their families and those waiting for their loved ones from the frontline. 

The founder and CEO of MHP is Ukrainian businessman Yuriy Kosyuk.