Kernel edible oil sales reduced in Q1 FY2021

In the first quarter of FY2021(July 2020–June 2021), Kernel edible oil sales reduced by 2% to 296.24 thou. t (Q1 FY2020: 301.47 thou. t), the company's report data show.

Bottled sunflower oil sales constituted 11.5% of total sales volume.

The company’s oil extraction plants processed 663 thou. t of sunflowerseeds in Q1 FY2021 — the largest ever volume in the first quarter of the financial year, up 5% y-o-y.

"The business benefitted from the sufficient supply of seeds in the market at the end of the sunflowerseed processing season (September-August) following the record harvest of sunflower seeds in autumn 2019," the report reads.

Kernel asset base, FY 2020 (click for higher resolution)

Kernel reported USD 123 mln of net profit in FY 2020, 31% lower YoY (FY 2019: USD 179 mln).

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