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IMC: net profit up 150% in nine months 2021

15 November 2021

IMC, a Ukraine-based agroholding, received $83.2 million of net profit in the first nine months of 2021, a 150%-increase as compared to the same period last year. Also, the company’s consolidated revenue declined 3% to $110.43 million in the reporting period. In particular, revenue from corn sales rose 8% to 83.11 million, while revenue from wheat and raw milk sales rose 30% (to $22.43 million) and 6% (to $1.1 million), respectively; revenue from sunflower sales fell 83% to $2.9 million. At the same time, EBITDA rose 63% to $105.33 million in the reporting period.

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