The first quarter of 2018 showed a downturn in a profit margin of the company called Kernel almost three times. The Warsaw Stock Exchange reports a figure of $ 23 million. At the same time, EBITDA has also reduced profit by one third – up to $ 46 million.
The report said that during the accounting period the net profit went up to $ 536 million. The reason for this sudden change was the increase in the sales volume of sunflower oil.
The gain on sale of a vegetable product has increased more than 2 times and now it is $ 335 million when the gain on sale of a bottled vegetable product has increased by 50 % (to $ 36 million). However, the sales profit of grain has a significant downturn – up to almost a quarter as compared to last year.
In the fall of 2018, the amount of Kernel’s debt has increased to half a billion dollars. The reason for this was the purchase of two companies. The total investment in cash equivalent is estimated at $ 200 million.
Let’s not forget that the new CEO of the holding company was elected recently and the general manager has sold more than 100 thousand shares.
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Dear partners! Beware of scammers!
Kaissa Oil has become a victim of fraudsters. We have become aware of the illegal use of our trademark, name and logos of our company. When drawing up commercial offers, letters or contracts for the supply of sunflower oil, fraudsters use symbols similar to the corporate symbols of the Kaissa group.
The actions of such organizations are fraudulent and are aimed at receiving an advance payment without further shipment of sunflower oil.
Fraudsters, posing as representatives of the Kaissa , using the email [email protected] and the website http://kaisaoil.com (using one letter “S” instead of doubled), offer sunflower oil supplies to our partners, using contact details which do not belong to us. They also offer to make prepayment to the accounts of fraudsters.
Kaissa Oil uses only “[email protected]” and the website https://kaissaoil.com/ in its activities and communication (please note that the name of our company uses doubled letters “S” in our title).
We would like to pay your attention to the fact that the Kaissa Oil includes the following industrial complexes: Oil processing plant, Refining and deodorizing plant “VVVV” LLC and oil bottling factory “SUN LIGHT” LLC.
Kaissa Oil has no representative offices outside Ukraine.
The only correct contact information for the Kaissa Oil: