Business news from Ukraine

Business news from Ukraine

PROMETEY GRAIN TRADER RAISES EBITDA TO $32.6 MLN IN 2020

26 October , 2021  

Prometey group of companies in 2020 increased its EBITDA by 6.8% compared to 2019 – up to $32.6 million, according to the results of its financial audit conducted by the international company KPMG posted on the grain trader’s website.

At the same time, the company does not provide data on the profit/loss received in the past year.

Prometey in 2020 also increased its revenue by 14.8% compared to 2019 – to $254.2 million. Its assets as of December 31, 2020 amounted to $199.3 million.

“It is noted that Prometey group of companies in 2020 entered the top five (in Ukraine, 1.7 million tonnes of one-time storage) in terms of elevator capacities. In the last marketing year, the group also confirmed its title of one of the leaders in the agricultural sector, selling about 1 million tonnes of grains and oilseeds,” the grain trader said.

Prometey provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia, Sumy, Odesa, Kherson and Dnipropetrovsk regions.

In 2021, Prometey Group plans to receive $45 million in EBITDA.

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