shares in ukrproduct group ltd drop on monday after the company said that it swung to a loss from operations for the first half as revenue fell the development of the business in the second half remains highly uncertain due to the pandemic as well as further inflation in prices of agriculture commodities worldwide it said shares at 0740 gmt were down 075 pence or 14 at 450 pence the londonlisted ukrainian producer and distributor of branded dairy foods and beverages said loss from operationsa key metric for the companywas 53000 pounds 72482 compared with a profit from operations of gbp486000 for the first half of 2020 the company reported a swing to pretax profit of gbp81000 compared with a pretax loss of gbp440000 in the yearprior period revenue for the period was gbp255 million compared with gbp275 million the year before ukrproduct said it experienced the material financial effect of raw materials inflation as total milk production in ukraine fell by 56 during the period though ukrproducts team continues implementing further efficiencies in procurement processing distribution and sales of its products with a major focus on pricing on shelves reflecting raw materials costs increase the group expects its margins to experience further pressure until the end of this year the company said