IMK Agro Holding has received a record average winter wheat yield of 7.1 tons/ha, which is the highest result for 25 years of the firm’s activity, IMK CEO Alex Lissitsa said.
“This year winter wheat in IMK was harvested from an area of 33.3 thousand hectares, 236 thousand tons of grain was threshed, the average yield was a record 7.1 tons/ha in the history of the company,” he wrote on Facebook.
He added that the threshing of wheat was completed on August 24, and thanked the team for the high performance.
“IMK” specializes in the cultivation of cereals, oilseeds and milk production in Ukraine. It cultivates about 123.3 thousand hectares of land in Poltava, Chernihiv and Sumy regions. It owns storage facilities for 554 thousand tons of grain and oilseeds.
In January-March 2023, IMK Agroholding posted a net loss of $4.10 mln, which is 2.6 times less than in the same period last year and is largely due to increased logistics and distribution costs. The holding’s revenue increased by 11% to $41.96 mln, of which exports accounted for $35.03 mln. IMK’s gross profit increased 3.9 times to $8.60 mln thanks to a decrease in production costs. Due to a doubling of logistics and distribution costs (to $9.40 mln), the company recorded an operating loss of $2.85 mln, which is twice as much as in the first quarter of 2022.
