The agrarian Fund for the second year in a row operates profitably
True
By the end of 2016 the income of PJSC “Agrarian Fund” amounted to 2.1 billion UAH, profit before tax of 410,0 million. After the accrual of the allowance for doubtful debts and income tax, net profit of the company amounted to 48.7 mln. The implementation of the financial plan of the enterprise is 101%. About this Capital, reported the press service of the Agrarian Fund.
As noted, in 2016 PJSC “Agrarian Fund” was implemented 269,9 thousand tons of grain and of 246.2 thousand tons of flour. Thus, the share of JSC “Agrarian Fund” in the flour market has risen to 12.2%.
Implementation of flour was both wholesale and retail parties, particularly in the retail chains under its own brand. Also last year, the company launched a packaged buckwheat, oat flakes and mixtures of cereals under its own brand.
In 2016 PJSC “Agrarian Fund” had paid taxes and mandatory payments in the amount of 667,3 million UAH, including dividends – UAH 116 million.
At the same time, PJSC “Agrarian Fund” continues to form a reserve for doubtful debts under lost state funds in banks. In 2016, were reserved in 325,4 mln.
According to the Chairman of “Agrarian Fund” Andrey Radchenko, significant changes in the robot state-owned enterprises failed to achieve after coming a new management team which has implemented new corporate standards and transparent procurement procedures and sales of its products.