IMC Reports Earnings Results for the Nine Months Ended September 30, 2018
IMC reported earnings results for the nine months ended September 30, 2018. For the period, the company increased its net profit by 16% to USD 32.1 million compared to the same period in 2017. The following factors contributed to the growth of profit in the reporting period: Significant growth of crop yields (sunflower, soybean, corn), +20-30% compared to 2017; Growth of prices for agricultural crops by 5-10%; Implementation of the strategy of the company on reduction of the company's debt and financial costs accordingly. EBITDA grew by 18% compared to the same period in 2017 to USD 50.6 million.