Agricultural Investments

May 30, 10:01 Source: APK-Inform Views: 77

Kernel net loss amounted to USD 25.1 million in Q3 FY2014

According to financial statements for Q3 FY2014 ended 31 March 2014 published at official site of the company, Kernel revenues increased by 13.0% to USD 675 mln compared to the same period last year, driven by higher sunflower oil and grain sales volumes in a lower pricing environment. At that EBITDA down 33.5% to USD 30 mln, including a currency devaluation loss of USD 44.8 mln.

In total net loss amounted to USD 25.1mln in Q3 FY2014 (including a USD 64.4 mln loss attributable to the hryvnya devaluation) versus USD 3.4 mln net loss in Q3 FY2013.




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