Nibulon lost UAH 435 million in the first quarter of 2024
15.05.2024 - 13:56
As of March 31, 2024, the company’s credit debt amounts to UAH 18.4 billion.
The loss of “Nibulon” in the 1st quarter of 2024 amounted to UAH 435 million. In particular, the devaluation of the hryvnia led to losses from the revaluation of the company’s currency liabilities, Share UA Potential пише.
However, the sales of “Nibulon” also increased somewhat. In the 1st quarter of 2024, the agricultural company’s turnover amounted to UAH 6.1 billion, which is 10% higher than last year’s figure.
The company’s operating profit amounted to UAH 526 million, almost unchanged compared to the corresponding period of the previous year. In part, the company’s profit may be related to the impact of UAH devaluation, since exports make up almost 100% of the company’s revenue.
The amount of credit debt of “Nibulon” at the end of the 1st quarter of 2024 is UAH 18.4 billion, its overall financial condition remains weak.
Despite financial difficulties, “Nibulon” continues to be among the top five exporters of grain and oil crops from Ukraine. During the reporting quarter, the company exported 600-700 thousand tons of grain, mainly through the Danube.
Read also: “Nibulon” has passed certification for the use of machines for demining agricultural land
