IMC agricultural holding in January-September 2019 saw $18.35 million in net profit, which is 43% less than a year ago.
According to a company report on the Warsaw Stock Exchange (WSE), revenue over the period grew by 46%, to $118.77 million.
Gross profit fell by 19%, to $48.54 million, and operating profit – by 42%, to $22.81 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) over the period fell by 21%, to $39.96 million.
As of September 30, 2019 noncurrent liabilities of the company totaled $108.95 million compared with $24.93 million as of late September 2018. Current liabilities reached $89.03 million ($81.39 million).
After the reporting period, IMC repaid loans and interest in the amount of $4.72 million and received loans in the amount of $2.85 million.
According to the document, revenue from the sale of corn for the reporting period increased 54%, to $93.34 million, wheat 2.2 times, to $12.77 million, soybeans 22%, to $2.22 million, milk 12%, to $1.13 million. At the same time, revenue from the sale of sunflower decreased 14%, to $7.52 million.
IMC specializes in growing grains, oilseeds and milk production in Ukraine. The agricultural holding processes about 130,000 hectares of land in Poltava, Chernihiv, and Sumy regions. It owns storage capacities of 554,000 tonnes of grains and oilseeds.
Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of November 15, 2019 had exported 22.14 million tonnes of grain and legumes, which is 41.7% more than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 12.6 million tonnes of wheat, 5.8 million tonnes of corn, and 3.4 million tonnes of barley.
As of November 15 of this year, 138,100 tonnes of flour have also been exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in November raised its forecast for grain exports for the 2019/2020 MY by 500,000 tonnes compared with the October forecast, to 54.94 million tonnes.
Ukrainian enterprises increased imports of copper and copper products in terms of money by 23.9% in January-October 2019 compared with similar period of 2018, to $102.527 million. Exports of copper and copper products decreased 45.4% over the year to $63.176 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In October, copper and copper products were imported to the tune of $14.68 million, and copper exports were estimated at $5.102 million.
In addition, in January-October 2019, Ukraine decreased imports of nickel and products made of it by 16.4%, to $68.821 million (imports in October were estimated at $6.17 million), while imports of aluminum and products made of it increased 1.1%, to $334.166 million ($37.979 million). Imports of lead and products made of it decreased by 1.7%, to $12.682 million ($2.123 million) and imports of tin and products made of it decreased 13.6%, to $3.391 million ($0.545 million). Imports of zinc and zinc goods decreased 14%, to $62.036 million ($5.873 million).
Exports of aluminum and products made of it decreased 26.1% in January-October 2019, to $84.871 million ($7.876 million in October alone), while shipments of lead abroad decreased 24.3%, to $22.396 million ($3.227 million). Exports of nickel fell by 41.1%, to $4.115 million ($0.242 million in October).
Zinc exports in January-October 2019 amounted to $0.463 million ($0.001 million in October) compared to $0.274 in January-October 2018.
Exports of tin and products made of it in January-October 2019 were estimated at $0.034 million ($0.001 million in October) compared to $0.311 million in January-October 2018.
Ukraine in January-October 2019 increased import of manganese ore and concentrate in natural terms by 29.4% compared to the same period in 2018, to 1.027 million tonnes.
According to customs statistics released by the State Fiscal Service of Ukraine, imports of manganese ore and concentrate in monetary terms grew by 18.7%, to $183.574 million.
Major imports were made from Ghana (75.99% of deliveries in monetary terms), Russia (20.46%), and Georgia (3.1%).
In January-October 2019, Ukraine exported 27,026 tonnes of manganese ore and concentrate for the amount of $2.587 to Hungary (40.59%), Slovakia (23.04%) and the Czech Republic (19.87%), while in January-October 2018 the country exported 53,617 tonnes for $3.527 million.
As reported, Ukraine in 2018 reduced import of manganese ore and concentrate in natural terms by 27.9% compared to 2017, to 938,946 tonnes. Imports of manganese ore and concentrate in monetary terms fell by 18.2%, to $182.788 million.
Major imports were made from Ghana (57.5% of deliveries in monetary terms), the Republic of South Africa (16.74%), and Russia (17.98%).
In 2018, Ukraine reduced export and re-export of manganese ore and concentrate in natural terms by 31.1%, to 59,597 tonnes, in monetary terms – by 19%, to $3.829 million. Exports and re-exports were carried out to Hungary (40.35% of deliveries), Slovakia (21.6%), and the Czech Republic (23.32%).
In Ukraine, manganese ore is mined and enriched at the Ordzhonikidze and Marhanets ore-mining and dressing mills (both based in Dnipropetrovsk region).
Dnipro-based PrivatBank controls the Stakhanov and Zaporizhia ferroalloy plants, Ordzhonikidze and Marhanets mills.
Nikopol ferroalloy plant (NFP) is controlled by EastOne Group, founded in autumn 2007 as a result of Interpipe Group restructuring, and Privat Group.
Former president of Ukraine Leonid Kuchma and former chairman of the Supreme Council of Belarus Stanislav Shushkevich have discussed a preparation for holding Baltic Black Sea Forum.
“Today in Kyiv, Leonid Kuchma received Chairman of the Supreme Council of the Republic of Belarus (1991-1994) Stanislav Shushkevich. The conversation was about preparations for the seventh Baltic Black Sea Forum,” Kuchma press secretary Darka Olifer wrote on Facebook.
As reported, the first Baltic Black Sea Forum “Through dialogue to trust” was held in Kyiv in 2016. The agreement on the creation of this platform was signed by former statesmen and leaders of Ukraine, Belarus, Estonia, Moldova, Lithuania, Latvia, Poland and Russia.
Mariupol seaport (Donetsk region) in January-October 2019 increased cargo transshipment by 5.5% compared to the same period in 2018, to 5.285 million tonnes.
According to the Ukrainian Sea Ports Authority, over this period the port increased transshipment of exported cargo by 1.8%, to 4.333 million tonnes, imported by 33.5%, to 946,480 tonnes and significantly reduced transshipment of cabotage goods, to 5,500 tonnes. At the same time, the port did not transship transit cargo.
According to the nomenclature of goods, for the ten months of 2019 Mariupol port increased transshipment of liquid cargo by 10.2 times, to 125,200 tonnes, dry cargo by 42.8%, to 1,976 tonnes and reduced the handling of packaged goods by 11.9%, to 3.184 million tonnes.
As reported, the volume of cargo transshipment in Mariupol seaport in 2018 decreased by 9.62% compared to 2017, to 5.89 million tonnes.
Mariupol seaport is one of the largest ports in Ukraine. Its capacities allow transshipment of over 17 million tonnes of cargo per year.
