KYIV. Nov 17 (Interfax-Ukraine) – The Cereal Ukraine group of companies, one of the leading cereal producers in Ukraine, saw EUR 2.756 million in net profit in January-September 2015, which is 10 times up year-over-year (EUR 277,000), the holding company of the group – Cereal planet Plс ( Cyprus) said on the NewConnect market of the Warsaw Stock Exchange (WSE).
The company said that its revenue fell by 10.7%, to EUR 14.925 million, and gross profit grew by 11%, to EUR 3.905 million.
Net cash flow from operating activities over the period was EUR 2.775 million compared to EUR 278,000 a year ago.
Assets grew by 16%, to EUR 8,991 from EUR 7,757.
Cereal Ukraine boosted cereal output by 25%, to 26,775. The group linked the increase in the indicator with the growth of peas and millet sales.
Buckwheat production was 6,336 tonnes (a rise of 4.4% year-over-year), corn grits – 1,080 tonnes (36% down), pearl barley – 1,530 tonnes (5.7% down), peas – 11,266 tonnes (2.7 times up), flakes – 651 tonnes (2% down), pasta – 1,117 tonnes (8.3% up), millet – 1,858 tonnes (47 tonnes a year ago).
Cereal Ukraine is one of the leaders in cereal production in Ukraine. The company produces products under the Olimp, Kashka-Vkusniashka and Vershyna Yakosti trademarks. Its enterprises produce 4,000-4,500 tonnes of cereal per year.
