By KYIV. May 16 (Interfax-Ukraine) – The Ukrainian agricultural holding IMC, which at the end of April announced the postponement of publication of its 2022 annual report until May 15, is now expecting its publication, as well as the condensed consolidated interim financial statements for January-March of the current year, by May 23.
IMC “is not yet able to complete the audit of its activities for 2022, and is also not ready to provide a financial report for the first quarter of 2023 for technical reasons,” Ukrainian media reported, citing the holding’s report on the Warsaw Stock Exchange on Monday.
Earlier, the company’s board of directors said that the publication of documents was postponed, as “for technical reasons, the process of auditing reports for 2022 is delayed.”
IMC specializes in the cultivation of grains, oilseeds and milk production, cultivates about 123,300 hectares of land in Poltava, Chernihiv and Sumy regions, and owns grain and oilseed storage facilities.
At the end of 2021, IMC increased its net profit 2.5 times compared to 2020 to $78.71 million, EBITDA rose 53% to $110.35 million, and revenue jumped 12.6% to $181.69 million.
