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UGC's revenues fell by 30% in 2016
The revenue of the United grain company (UGC) in 2016 amounted to 12 billion rubles, which is 30% lower than a year earlier
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Gross profit for this period amounted to 3.4 billion (-31% in comparison with year 2015), with a net profit of 2.24 billion (-12%). Such data are cited by "Kommersant" with reference to the statements of the company. In 2015, the UGC's revenues also declined, but not as dramatically, by 4.9%. In 2014, the revenue decline reached 31%.

Experts believe that the annual results comply with the UGC, the situation of trade in agricultural products in the world. The decrease in revenue, they explain the negative price conjuncture in the world markets.



Translated by service "Yandex.Translation"
Источники: Коммерсантъ
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