Business news from Ukraine

PROMETEY GROUP SEES 3.9 TIMES RISE IN REVENUE IN 2015

14 March , 2016  

KYIV. March 14 (Interfax-Ukraine) – The Prometey group of companies (Mykolaiv region) has reported a 3.9 fold revenue increase in 2015, to UAH 3.6 billion, compared to a year ago. The company said in a press release that revenue from grain exports reached $52.5 million. Prometey in 2015 sold 567,000 tonnes of grain crops and oilseeds, including 323,000 tonnes of exports and 244,000 tonnes sold on the domestic market.

Elevator business revenues of the group more than doubled in 2015 and exceeding UAH 25 million.

“In its development strategy Prometey focuses on the qualitative approach in refitting and modernizing the old elevator complexes. The company’s quantitative approach provides for the expansion of the elevator chain via acquisition of facilities where the group is already working with partners,” company spokesmen said.

Prometey in 2015 began accepting grain at three elevators, increasing its number of suppliers during 2014 from four to seven.

Transport services revenue in 2015 exceeded UAH 45.3 million, a 2.7-fold increase from 2014.

Revenue from the industrial business division increased 2.8-fold from 2014. The company plants wheat, sunflower seeds, safflower and barley.

The company said it would increase grain exports oilseed sales on the domestic market in 2016, while continuing to modernize its elevators.