IMC: net profit up 80% in 9M 2020
17 November 2020
IMC, a Ukraine-based agroholding, reports net profit of $33.2 million in January-September 2020, an 81%-increase as compared to the same period last year. Also, gross profit rose 47% to $71.4 million, and operational profit doubled to $49.1 million. EBITDA increased 62% to $64,7 million. At the same time, revenue declined 4% to $113.8 million in the reporting period. IMC operates 123,000 hectares of farmland, and is engaged in crop and raw milk production.