Kernel boosted sunflower oil sales in bulk by 20% in FY2018
In FY2018 (July 2017 — June 2018), the Kernel company increased sunflower oil sales in bulk by 20.1% to 1.3 million tons.
Kernel sold 387 thou. tons of sunflower oil in bulk during Q4 FY2018, a 37% increase y-o-y, translating into record high 1.3 million tons of sunflower oil exported in bulk in FY2018, 20% up y-o-y.
Bottled sunflower oil sales declined to 33 million liters in Q4 FY2018, 16% down y-o-y. Overall, annual sales of bottled sunflower oil in FY2018 stood at 119 million liters, 10% less compared to the previous year.
Kernel crushed 834 thou. tons of sunflower seeds in Q4 FY2018, resulting in over 3.1 million tons of seeds processed in FY2018, up 6% y-o-y, a record crushing volume ever.
Reference: Kernel's net profit for 9M FY2018 decreased 73.6% to USD 50.7 million.