News archive
04 May 2018
Agrofusion to receive a $17 million loan from IFC
News -The International Finance Corporation (IFC) may provide Agrofusion, a large tomato holding with operations in the south of Ukraine, with a long-term loan amounting to $17 million. The funds are intended for the company's operational expansion and refinancing of its liabilities in 2018-2019. The total volume of the investment is estimated at $30 million. The project is at the approval stage. The final decision is expected to be made on June 14th.
02 May 2018
Milkiland reduced losses 5 times in 2017
News -Milkiland, a dairy holding with operations in Ukraine, Russia, and Poland, decreased its revenue by 4% in 2017 compared to 2016 to € 140 million. Net loss declined by 5 times and amounted to € 7.3 million. Gross profit grew by 12% to €23.7 million. The EBITDA increased by almost 90% to € 10.3 million. These results give grounds to the management to...
02 May 2018
IMC increased revenues by 2% in 2017
News -IMC, one of the largest agroholdings in Ukraine, issued its annual report. According to the report, the company’s revenue from crop production increased by 4% to $ 124.1 million, mainly due to an increase in prices for grains and oilseeds. The revenue from dairy farming decreased by 61% to $ 1.9 million due to an ongoing optimization of the dairy...
02 May 2018
KSG Agro’s profit reduced 4.4 times in 2017
News -Net profits of KSG Agro reduced 4.4 times and amounted to $ 0.9 million in 2017,$ 3.0 million less than in 2016. The revenue of the holding’s agricultural business segment increased by 11% to $ 23.2 million, whereas the revenue at the holding level decreased by 10% to $ 11.6 million. Operating profit fell by 30% to $ 11.2 million. KSG ?gro is one of the largest vertically integrated agricultural business groups in Ukraine, which operates 94,000 hectares of farmland.
30 April 2018
Large companies more capable of adopting new technologies – Alex Lissitsa
Opinion -The general director of IMC, one of the largest agroholdings in Ukraine, Alex Lissitsa has long been known in the Ukrainian agri-food business as a professional lobbyist. Five years ago he left lobbying for big agricultural business, but he keeps an eye on what is generally happening in the industry. Lissitsa, who will give a keynote speech at the upcoming IAMO Forum in June 2018, talks about the main aspects of today’s large scale farming in an interview to LaScalA.
30 April 2018
Agroton's net profit declined by 160% in 2017
News -The Agroton company, the largest sunflower producer in Ukraine, operating some 151,000 hectares announced its financial results for 2017. The net profit of the company amounted to $8.32 million, which is 160% less compared to 2016. The company's revenue increased by 17% to $51.79 million while gross profit declined by 38% to $16.37 million in 2017....
30 April 2018
Kusto Agro plans to invest in dairy farming
News -Kusto Agro, a farming daughter enterprise of the international Kusto Group that operates 12,000 hectares in Ukraine, plans to build new dairy farms and increase the dairy cattle livestock tenfold. Today the enterprise has a small dairy farm of 300 milk cows. A new dairy farm for 1200 milk cows will be built in the village of Lipno, Zhytomyr region of Ukraine.
30 April 2018
Nibulon certified to export barley
News -The Ukraine-based agroholding Nibulon was certified according to the ISCC PLUS system, which includes an extended certification of sustainable production in the food and feed industry, and received a respective certificate for the export of barley. The ISCC EU certificate allows the company to export corn, wheat, rapeseed, soybeans and sunflower to the EU. Due to the certificate the company obtains an opportunity to explore new markets for grain and oilseeds while guaranteeing high quality products and avoiding harmful effects on the environment.
27 April 2018
Agromino plans to increase its share capital
News -The Board of Directors of Agromino decided to increase its share capital. The increase will occur in one or more stages and will amount to € 2 million. For this purpose, 2 million shares will be issued at the price of € 1 per share with preferential rights for existing shareholders. Agromino (formerly Trigon Agri) is an integrated company which engages in production, storage and trade of agricultural products in Ukraine, Russia and Estonia. Its shares are traded on the Nasdaq Stockholm market.
26 April 2018
Avangard’s egg sales 23% up in 2017
News -Avangard, one of the largest agro-industrial companies in Ukraine specializing in production of eggs and dried egg products, increased its sales of eggs by 23% to 1.87 billion units in 2017. This was stated in the company's financial report. The company increased production of eggs by 4%, reaching almost 2.4 billion units. Exports of eggs rose to...