In 2024, Poltava Oil Extraction Plant, a part of Kernel Agricultural Holding, posted a net loss of UAH 61.06 million compared to UAH 27.06 million in net profit a year earlier.
According to the agenda of the annual general meeting of shareholders scheduled for April 18 in remote mode, the shareholders are proposed to approve the results of financial and economic activities, the loss of UAH 61.06 million to be covered in full at the expense of retained earnings of future years.
The shareholders are to hear and approve the report of the company’s board of directors and take into account the recommendations of the audit company Forum LLC in their further work. They will also review a number of contracts with raw material suppliers, which are used to produce and bottle the oil and produce meal.
In addition, the shareholders will give their consent to enter into significant transactions with a maximum aggregate value of $5 billion during the year, subject to prior approval by the company’s board of directors.
The general meeting will approve a new version of the company’s charter, which will be subject to state registration of amendments in accordance with the requirements of the current legislation.
According to the Opendatabot service, in 2024, Poltava Oil Extraction Plant PJSC increased its revenue by 12.3% to UAH 1.436 billion, debt obligations by 13.1% to UAH 900.5 million, and reduced assets by 2.7% to UAH 1.456 million. The number of employees increased by 28 people to 573 during the year.
PJSC Poltava Oil Extraction Plant is a crude and refined sunflower oil production company founded in 1991. It is part of the Kernel agricultural holding. The processing capacity is 429 thousand tons of sunflower seeds per year (1.3 thousand tons per day). The mill uses tolling raw materials. It has 6 silos for short-term storage with a capacity of 15 thousand tons, as well as equipment for cleaning and drying grain.
The company produces unrefined, refined and hydrated vegetable oils, which it sells under the Shchedryi Dar, Liubonka and Chumak brands. Finished products are exported to Cyprus, Greece, Israel, Italy, Lithuania, and Saudi Arabia.
The beneficiary of the plant is Andriy Verevsky through Kernel-Capital LLC (99.63%).
