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IMC reported financial results for 2018

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UkrAgroConsult

The IMC company improved its net profit by 55 per cent to USD 27.63 million in the year 2018 (2017: USD 17.8 million).

Revenue for the period increased 4 per cent to USD 131.61 million, gross profit surged 30 per cent to USD 65.67 million, and operating profit grew 25 per cent to USD 36 million.

The company's EBITDA showed a 30 per cent increase y-o-y to USD 50.85 million.

As noted in the report, the largest part of the company's revenue was provided by the sale of corn. Its share in total revenue in 2018 was 62.6%, and in 2017 — 62.8 per cent.

Earlier it was reported that in 2018 IMC harvested 856 thou. tons of grains and oilseeds, 27 per cent more from the harvest of 2017.


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