IMC: net profit up to $ 32 million
19 November 2018
IMC, an agroholding operating 130,000 ha in three regions of Ukraine, declared a net profit of $ 32.1 million for January-September 2018, a 16.2% increase compared to the same period last year. The company’s revenue for the reporting period decreased to $ 81.4 million, while gross profit rose 17.7% to $ 60.2 million. EBITDA grew 18.3% to $ 50.6 million. According to the company, the main factors behind the profit increase were higher yields and prices for major crops.