Analyst projected Kernel's financial future

Kernel company following the results of FY 2018 (fiscal year) will receive EBITDA of USD 261 million.

This forecast was made by the investment analyst at Concorde Capital Andrew Perederey, commenting on the financial performance of the company.

He noted that in FY 2018 EBITDA will decrease 18.2% compared with the previous period. At the same time, Concorde Capital expects that in Q3 the financial results of the company should improve.

"Financial results of Kernel in Q3 of FY 2018 will be much better in connection with the expected sale of oil reserves accumulated in the Q2 (at the end of December — USD 157.7 million)," the message says.

Reference: Kernel's EBITDA for 6M of FY 2018 dropped 39.2% to USD 123.1 million. For the first half of FY 2018 the company reduced profit by 43.7% to USD 89.8 million.