Volume of construction products produced by type in Jan-June of 2020 (Mln UAH)
The board of directors of IMC agricultural holding has announced payment of interim dividends to the company’s shareholders in the amount of EUR0.18 per share.
According to the company’s statement on the Warsaw Stock Exchange (WSE), dividends will be paid in euros on August 28, 2020.
According to the WSE, the share price of IMC on August 14 fell by 1.77%, to PLN11.1 per share.
IMC specializes in cultivation of grain, oilseeds and milk production in Ukraine. The agricultural holding cultivates about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions. It owns capacities for storage of 554,000 tonnes of grain and oilseeds.
In 2019, IMC agricultural holding posted $7.32 million in net profit, which is 3.8 times less than in 2018. IMC’s revenue for this period increased by 29%, to $169.6 million, of which $ 142.67 million is export.
The Ministry of Economic Development, Trade and Agriculture of Ukraine on August 17 signed an annex to the grain memorandum with grain market participants and agreed on the maximum grain export volume in the 2020/2021 marketing year (MY, July-June) at the level of 17.5 million tonnes of wheat and 1,000 tonnes of rye.
“The grain memorandum is a good example of the ability to negotiate and make balanced decisions. In our common opinion, the export of 17.5 million tonnes of wheat and 1,000 tonnes of rye for this marketing year is the benchmark that will preserve our internal food security. In addition, taking into account the coronavirus crisis, in the forecast balance, we have increased the volume of carry overs by half a million tonnes, to 1.7 million tonnes,” Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko is quoted as saying.
In addition, depending on weather conditions and the final data on wheat production from the State Statistics Service, the forecast grain market balances may be revised by the signatories of the memorandum in the fourth quarter.
Now the Ministry of Economy predicts the grain harvest in Ukraine this year at 72.1 million tonnes.
The ministry clarified that the grain memorandum has been signed annually since 2011. The document provides for interaction of grain market participants, exchange of information, monitoring the grain market.
Agroprodservice has launched the second line of a grain elevator in the village of Yastrubiv, Ternopil region, with a storage capacity of 100,000 tonnes per annum.
According to a statement on the company’s website, the second line of the facility consists of a grain-harvesting tank, drying, cleaning and transporting units.
The total storage capacity of Agroprodservice’s grain elevators reaches 200,000 tonnes of simultaneous storage.
Agroprodservice was created in 1999. As a diversified company, it operates in Ternopil and Ivano-Frankivsk regions. It cultivates about 45,000 hectares of land.
Agroprodservice owns grain elevators with a total storage capacity of 200,000 tonnes, as well as feed and seed mills.
The company is also engaged in poultry farming (2 million birds), cattle breeding (about 6,000 animals), and pig breeding (60,000 animals).
The final beneficiaries of Agroprodservice are Tetiana Chaikivska and Andriy Baran.
Cereal Plant, a leading producer of cereals in Ukraine, in January-June 2020 receive EUR 247,000 in net profit compared to EUR 26,000 over the same time in 2019.
According to a reported of Cereal Planet PLС holding on the Warsaw Stock Exchange on August 14, its revenue over the review period doubled to EUR 17.47 million and gross profit increased by 2.3 times, to EUR 3.99 million.
In April-June 2020, Cereal Planet saw EUR 246,000 in net profit against EUR 2,000 in Q2, 2019. Its revenue increased by 2.1 times, to EUR 9.96 million, and gross profit – by 2.3 times, to EUR 2.19 million in Q2, 2020.
Cereal Planet said in its report that the coronavirus (COVID-19) pandemic did not affect the company’s work. In addition, weather conditions were favorable for a good grain harvest, therefore the company expects good supplies of raw materials. The company will also expand sales on international markets and constantly looks for customers all over the world.
According to the report, in January-June 2020 the company saw a 48% rise in exports, to EUR 7.47 million, as compared to H1, 2019. Export accounted for 42% of the total sales. Imports in H1, 2020 increased by 5.9 times, to EUR 1.58 million.
In the first half of 2020, the company increased production of cereals by 1.7 times, to 23,100 tonnes compared to the same time in 2019. Production of peas tripled, to 11,750 tonnes, buckwheat – by 43%, to 4,100 tonnes, bulgur – by 2%, to 2,840 tonnes, millet – by 42%, to 2,390 tonnes, barley groats – by 1.7 times, to 296 tonnes.
In Q2, 2020, Cereal Plant increased cereals production by 1.7 times as compared to April-June 2019, to 10,240 tonnes. Production of peas increased by 2.7 times, to 4,840 tonnes, buckwheat – by 14%, to 1,540 tonnes, millet – by 3.6 times, to 1,160 tonnes, barley groats – by 48%, to 628 tonnes, while bulgur output dropped by 19%, to 1,160 tonnes and flakes production was 60% down, to 169 tonnes.
Cereal Planet produces weight groats for the B2B segment under the Olimp trademark (Bulgur, Ridlana, Mayfayna, Zlatokositsa product lines) and animal feed mixes under the Lyuba Ferma trademark. The company exports groats and cereals to more than 50 countries (China, India, Germany, Italy, the United Arab Emirates, Poland, Turkey, etc.).
According to the group, Cereal Planet accounts for up to 10% of the Ukrainian cereals market. Its monthly output is 4,500 – 5,000 tonnes.
Its owners are Anatoliy Vlasenko and Oleksandr Vlasenko with 33.53% and 29.93%, respectively, as well as Oleksandr Slavhorodsky with 29.93% and Ihor Dobruskin with 5.5%.
National bank of Ukraine’s official rates as of 26/08/20
Source: National Bank of Ukraine
