The chairman of the board of directors of IMC agricultural holding, Oleksandr Petrov, for the period on December 27-30 bought 99,742 shares of the company at a price of PLN32.28 per share for a total of PLN3.22 million ($793,020 at the rate of the National Bank of Poland), thereby increasing his share in the charter capital of the agricultural holding to 81.21%, according to the website of the Warsaw Stock Exchange.
According to the group of companies, Petrov personally, as well as through his companies Richmarket Investments Ltd and Agrovalley Limited, owns shares in IMC in the amount of 26,945,415.
The IMC share price did not change over the week, remaining at the level of PLN32.3, and since the beginning of the year it has increased 1.7 times.
As reported, in 2020, the agricultural holding increased its net profit 4.3 times compared to 2019 – to $31.71 million, EBITDA – 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 – EUR20.57 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.
