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IMC almost triples net profit, doubles EBITDA in H 2021
KYIV. Aug 27 (Interfax-Ukraine) – IMC agricultural holding in the first half of 2021 increased its net profit by 2.9 times compared to the same period in 2020, to $77.4 million, EBITDA – by 1.9 times, to $91.93 million.
According to a report released by the company on the Warsaw Stock Exchange, its revenue in January-June of this year increased by 6% compared to the same period last year, to $84.78 million, gross profit – by 69%, to $91.12 million, operating profit – by 2.2 times, to $80.1 million.
It is specified that the agricultural holding’s revenue from sales of corn for the reporting period increased by 8%, to $83.1 million, wheat – by 2 times, to $670,000, while revenue from milk sales decreased by 2%, to $740,000, sunflower – by 59%, to $120,000, cattle – by 23%, to $100,000. Thus, the most significant part of the company’s revenue came from sales of corn, whose share in total revenue increased from 97.5% in in the first half of 2020 to 98.2% in the first half of 2021.
In general, IMC sold 409,540 tonnes of agricultural products in January-June, including 405,700 tonnes of corn (10.3% less than in January-June 2020), the average cost of which in the first half of the year increased by 20.5%, from $170/tonne to $205/tonne.
