Agricultural holding Kernel, one of the largest in Ukraine, in the second quarter of fiscal year 2021 (FY, began in July 2020) saw $170.64 million in net profit, a rise of 3.8-fold year-over-year.
According to the company’s report posted on Friday, its revenue in October-December 2020 grew by 28.5%, to $1.327 billion.
The company said that in H1 FY2021 its net profit amounted to $404.02 million, and revenue reached $2.267 billion, a rise of 3.9-fold and 20.4% year-over-year respectively.
Kernel said that EBITDA in Q2 FY2021 increased 2.5-fold, to $269 million, and in H1 FY2021 – 2.6-fold, to $559 million.
The company said in the report that a grain price boom and oilseeds price hikes created an opportunity momentum for trading business.
