Recent Posts
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
- 100 Ukrainians, incl defenders of Mariupol, returned according to swap procedure – Yermak 10.04.2023
Head of IMC board of directors raises stake in holding to 80.41%
KYIV. Oct 4 (Interfax-Ukraine) – Chairman of the board of directors of IMC agricultural holding Oleksandr Petrov for the period from September 28 to October 1 bought 43,150 shares of the company at a price of PLN 30.93 per share for a total of PLN1.33 million ($337,030 at the rate of the National Bank of Poland), thereby increasing his stake in the charter capital of the agricultural holding to 80.41%, according to the website of the Warsaw Stock Exchange.
According to the agricultural holding, Petrov personally and through his companies Richmarket Investments Ltd and Agrovalley Limited owns shares of the company in the amount of 26,677,520.
Since the beginning of the year, the price of IMC shares has increased 1.7 times, from PLN 18.6 to PLN 31.1, and over the year – 2.8 times (on October 5, 2020, its share price was PLN 11.3).
As reported, in 2020, the agricultural holding increased its net profit by 4.3 times compared to 2019, to $31.71 million, EBITDA – by 1.8 times, to $71.84 million, revenue decreased by 5%, to $161.39 million.
IMC in 2020 sold 610,930 tonnes of corn (less by 14% compared to 2019), wheat – 118,060 tonnes (more by 54%), sunflower – 86,830 tonnes (more by 7.1%), soybeans – 1,310 tonnes (reduction by 25 times).
In May 2021, the company decided to pay 3.4 times more dividends for 2020 than in 2019 – EUR 20.57 million, or EUR0 .62 per share.
The agricultural holding specializes in the cultivation of grains, oilseeds and milk production in Ukraine. It processes about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions. It owns capacities for storing 554,000 tonnes of grain and oilseeds.
The director general of IMC is Alex Lissitsa, who is also the president of the Ukrainian Agribusiness Club association.
