Kernel profit drops
20:14
WSE-listed edible oil producer, Ukrainian Kernel Holding had a $22.82 million net profit for the Q1 financial year (between July-September), the company said in a market filing. The result was 64.4 percent y/y lower, while EBIDTA dropped by 36.5 percent y/y to $46 million. Revenues increased by 39.6 percent to $536.1 million.
The company blamed “adverse weather conditions” for poorer results.
