Kernel reports $38 mln loss in Q1 2018

WSE-listed Ukrainian food producer Kernel Holding reported $38.08 million net loss in Q1 2018 (third quarter of the company’s 2017/2018 fiscal year), against a $32.93 million profit in the corresponding period of 2017. Operational profit came in at $52.64 million, down from $67.31 million in Q1 2017, while EBITDA decreased to $73.1 million from $80.7…

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