"Agrarian Fund" received 2.2 million UAH profits against the defeated loss of 28 million UAH

"Agrarian Fund" in the II quarter realized 18.7 thousand tons of grain and 34.2 thousand tons of flour, and also significantly improved the financial indicators of workPJSC "Agrarian Fund" implemented 18.7 thousand tons of grain, 34.2 thousand tons of flour and 103 thousand tons of mineral fertilizers in April-June 2018, the Ministry of Agrarian Policy and Food said on the site.According to the message, as a result of the 2nd quarter of this year, the income of the "Agrarian Fund" amounted to 1 billion USD, net profit of the company after the taxation on profit - 2.2 million UAH against the planned loss of 28 million UAH.The message also indicates that the company sold flour wholesale and retail parties, including in retail chains under its own trade mark.As it was reported, in the 1 st quarter the "Agrarian Fund" sold 50.8 thousand tons of grain, 60.7 thousand tons of flour and 163.3 thousand tons of mineral fertilizers. Net profit amounted to 94.8 million UAH, income - 4.3 billion UAH.The PAO "Agrarian Fund" was created in the spring of 2013 by the government's decree.Initially the initiator of the conversion of the "Agrarian Fund" to PAO was Minagroprod Ukrainy, motivating it with the possibility of the fund attracting non-budgetary funds and implementing investment projects in the agricultural sector.In the beginning of 2017, the State Property Fund of Ukraine decided to privatize the PJSC "Agrarian Fund". Ustavny fund of the company is 5 billion USD.According to the estimations of the "Agrarian Fund", its share in the domestic market of grain is 20%, the domestic flour market - 13%.As Delo.UA reported, the "Agrarian Fund" plans to launch the production of buckwheat and corn flour, as well as to increase its share in the domestic flour market within 2-3 years to 30%.
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