Ukraine's Agrarian Fund transfers US$2.7 mln in dividends to state budget

The company's net profit in 2017 was estimated UAH 94.8 million.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

The Ukrainian-based Agrarian Fund, a state-owned enterprise specializing in sales and purchases of grains and flour, transferred to the state budget of Ukraine UAH 71 million (US$2.7 million) in dividends for 2017.

According to the order by the Ministry of Agrarian Policy and Food of Ukraine, the enterprise was before July 1, 2018 to pay to the state budget 75% of its net profit (UAH 94.8 million/$3.6 million) for 2017.

Read alsoUkrainian farmers thresh 1.7 mln tonnes of new grain

As UNIAN reported earlier, the Agrarian Fund paid UAH 24.36 million ($930,126) in dividends to the state budget in 2017, which was 50% of its net profit for 2016.

UNIAN memo. PJSC Agrarian Fund was created in 2013. The company is in charge of grain purchases under forward contracts to prop up Ukrainian farmers. It not only buys and sells grain, but also markets flour and cereals.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!