Kernel's revenue from bottled sunflower oil sale in FY 2017 increased by 37%

In FY 2017, Kernel increased revenue from sales of bottled sunflower oil by 37.1% to US$ 140.7 million.

As it is said in the company's report, EBITDA increased by 4.6% to US$ 16.6 million.

"Notably, we have doubled the exports of bottled oil over the course of FY2017, bringing the share of exports to an astounding 73.8%, or a little over 95 million liters. The remainder was sold domestically under our well-recognized brands and private-labels," the report says.

Sales of sunflower oil in bulk in FY 2017 increased by 3.4% to US$ 1,067.5 million, while EBITDA decreased by 26.4% to US$ 83.2 million.

"Revenues from the bulk sales segment amounted to US$ 1,067.5 million, up 3.4% y-o-y, as growth in volumes was offset by decline in prices."

Reference: Kernel increased the sales volumes of bottled sunflower oil by 40.3% y-o-y, to 131 million liters in FY 2017.