REUTERS
Over the period under review, the Ukrainian company's net revenue from sales of products soared by 60.8% up to UAH 3.7 billion ($131.2 million).
The Ukrainian-based Agrarian Fund, a state-owned enterprise whose core business is to purchase and sell grain and flour, received UAH 31.1 million (US$1.1 million) in net profit in January-September, which was 1.5 times up year-over-year (y-o-y).
Over the period under review, the company's net revenue from sales of products soared by 60.8% up to UAH 3.7 billion ($131.2 million), according to the report published in the National Securities and Stock Market Commission's information disclosure system.
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Agrarian Fund's gross profit in the nine months of 2018 was estimated at UAH 323.5 million ($11.5 million), which was 18.5% up y-o-y, while operating profit rose by 48.3%, to UAH 109.6 million ($3.9 million).
As UNIAN reported earlier, the Agrarian Fund almost doubled its net profit in 2017, to UAH 94.8 million ($3.4 million).
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.