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6 months ago
BRIEF-Kernel Holding Q2 net profit $95.4 mln, down 18.1% YR/YR
February 28, 2017 / 7:15 AM / 6 months ago

BRIEF-Kernel Holding Q2 net profit $95.4 mln, down 18.1% YR/YR

Feb 28 (Reuters) - Kernel Holding SA:

* Q2 net profit $95.4 million versus $116.5 million year ago

* Q2 net profit decline is reflecting decreased non-operatingforex gains and lower VAT benefits received, as a result of recent changes in legislation

* Q2 revenue $659.3 million versus $620.8 million year ago

* Q2 EBITDA $130.2 million, down 10.3 percent y-o-y, stemming from high competition among sunflower oil producers and changes in sales pattern in farming

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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