Kernel, one of the largest Ukrainian agricultural groups, received $164 million of net profit in the first half of the 2019 fiscal year (FY, July 2018-June 2019), which is 83% more than in the same period last year.
According to the company's financial report on the website, its revenue in July-December 2019 FY increased by 2.1 times, $2.255 billion.
The operating profit of Kernel rose by 2.4 times, to $193.4 million, EBITDA by 1.9 times, to $229.9 million.
According to the company, the group's revenue from oilseeds processing grew by 9%, to $736.5 million, from infrastructure segment and sales in July-December 2019 FY by 4.2 times, to $1.741 billion, from crop production by 22%, to $342.5 million.
According to the report, the company plans in the 2019 FY to process 3.1 million tonnes of sunflower and export 6-6.2 million tonnes of grain.
Advertising
Advertising
MORE ABOUT
Kernel sees net profit fall by 44% in FY2024
09:53, 29.10.2024
Kernel announces plans to fully redeem $300 mln eurobonds in Oct
21:02, 01.10.2024
Kernel posts net profit of $133 mln in Q2 2024FY, buys Supramax bulk carrier
09:33, 05.03.2024
Kernel announces plan of placing shares worth $60 mln among qualified investors
10:12, 22.08.2023
Kernel invests $44.15 mln in strengthening logistics for transshipment of vegetable oils in Chornomorsk, Reni ports
17:23, 21.08.2023
LATEST
Some 24 projects within NEFCO Green Recovery Program for Ukraine completed
18:40, 13.03.2025
Third group of REDpreneurUA program launched: support and development of existing business in Ukraine – URCS
19:57, 12.03.2025
Ukrainian oil company Ukrnafta integrates ERP system to automate key business processes
14:05, 12.03.2025
Ukrainian delivery operator Nova Poshta to audit processes as part of structural overhaul
13:35, 12.03.2025
Russia's National Wealth Fund could be depleted within 1 year if oil prices fall to $45-$47 per barrel – Ukrainian diplomat