News archive

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06 May 2020

IMC: net profit down 4 times in 2019

IMC, a Ukraine-based agroholding operating 123,900 hectares of farmland, reported net profit of $7.32 million in 2019, a 74% decrease as compared to 2018. On the contrary, its revenue rose 30% to $169.6 million. 

In 2019, IMC’s gross profit stood at $51.44 million ($ 66.08 million in 2018), while operating profit was $15.22 million ($ 66.08...

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06 May 2020

Astarta-Kyiv donated $923,000 for anti-coronavirus campaign

Astarta, a Ukraine-based agroholding operating 250,000 hectares of farmland, allocated $923,000 to help Ukrainian hospitals to overcome COVID-19 outbreak. These funds were used to purchase medical equipment, personal protective equipment, and disinfectants, which will be delivered to 36 hospitals in seven regions of Ukraine. The company also...

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05 May 2020

Ekosem-Agrar: sales revenue up 60%, share capital down 50%

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Ekosem-Agrar AG, a German agroholding and a parent company of the Russia-based largest raw milk producer EkoNiva, posted sales revenue of €400 million in 2019, a 60% increase as compared to 2018. Total operating income rose 50% to €560 million, and EBITDA grew 40% to over €160 million within the same period. The key driver behind these results of...

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04 May 2020

KSG Agro: net profit up 13 times in 2019

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KSG Agro, a Ukraine-based agroholding engaged in crop and pork production, increased its profit 13 times to $6.2 million in 2019, as compared to 2018. EBITDA rose 3.4 times to $9.57 million within the same period. In 2019, KSG Agro reported $13.4 million of working capital, the indicator which has not been in positive value since 2014. At the same...

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30 April 2020

Milkiland "moves" to Cyprus

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Milkiland, a dairy producer with major operations in Ukraine, plans to change the place of registration from the Netherlands to Cyprus. Milkiland’s board of directors intends to approve the respective decision at the annual general meeting of shareholders.

After updating the legal address, the company’s name will be changed to “Milkiland Public...

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30 April 2020

KSG Agro to expand pig production

KSG Agro, a Ukraine-based agroholding, plans to invest $925,000 in the development of its pig farm in the Dnipropetrovsk region. In particular, the company wants to raise pig production 15% in 2020. The number of sows at the farm is expected to grow from 4,500 to 8,600. With this project, KSG Agro aims to meet the growing demand for pigs with...

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29 April 2020

Ovostar Union posts $20 million net loss in 2019

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Ovostar Union, a Ukraine-based publicly listed agroholding, reported net loss of $20 million in 2019, as compared to profit of $17.4 million a year earlier. At the same time, the company’s revenue decreased 16% to $104.65 million. Gross loss amounted to $6.3 million, and operating loss was $19.42 million in 2019. EBITDA declined to a negative value...

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28 April 2020

Agrotrade postponed modernization projects due to COVID-19

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Agrotrade, a Ukraine-based agroholding, had to postpone equipment modernization at its grain elevators in view of COVID-19 outbreak. The key factor behind such decision was the growing price for equipment following the devaluation of a national currency (Ukrainian Hryvnia). Nevertheless, all 17 Agrotrade's enterprises continue operating at full...

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28 April 2020

Rusagro: revenue up 16% in Q1 2020

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Rusagro, a Russia-based agroholding, reports consolidated revenue of $454 million in Q1 2020, a 16% increase as compared to Q1 2019. In particular, revenue fom fat-and oil production rose 20%, and fat-and-oil segment accounted for 46% in the company's revenue structure in Q1 2020.In January-March 2020, Rusagro sold 416,000 tonnes of its fat-and-oil...

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27 April 2020

Saudi Arabia bought Ukrainian wheat from SALIC

The Saudi Grains Organization (SAGO) has bought 60,000 tonnes of Ukraine-produced wheat from the Saudi Agricultural & Livestock Investment Company (SALIC). The worth of wheat was $248 per tonne. SALIC owns a major stake in the Ukraine-based agroholding Continental Farmers Group operating 195,000 hectares of farmland.

SALIC’s business strategy is...

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