IMC’s revenue grew nearly 30%

In 2019, IMC increased revenue by 29% to $ 169.6 million due to an increase in sales of grains and oilseeds by 31%, as during the first half of last year the company sold a record 2018 harvest.

This is stated in the company’s message.

As noted, corn prices in 2019 remained almost at the 2018 level (+ 1% year-on-year), wheat prices increased by 4% and oilseed prices (sunflower and soybean) decreased by 7% and 8 % respectively.

“98.5% of the income came from the sale of agricultural products, 1% from milk production and 0.5% from grain storage services.

80% of the income was export sales, “said the company.

For reference: IMC is an integrated agricultural company in Ukraine. Activity areas: crop production (corn, wheat, sunflower, soy); crop storage; Milk production IMC cultivates 123.9 thousand hectares of land located in the Poltava, Chernihiv and Sumy regions in Ukraine. The company was founded in 2007. In 2018, IMK received a net profit of $ 27.6 million and an EBITDA of $ 50.8 million. IMK is one of the 10 largest agricultural companies in Ukraine. In May 2011, IMC shares were placed on the Warsaw Stock Exchange.