Kernel with $38.03 net 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 million.  Consolidated revenue stood at $541.44, lower than the $615.01 reported in the corresponding period of last year.