Kernel Holding announced dividends of USD 0.25 per share

13 December 2016

According to announcement of the company total amount of dividends will make close to USD 20M, which is on the level of last two years.

Taking into account net profit of Kernel in FY2016 made about USD 225M, dividend is rather nominal, though the company has rather ambitious investment plans for the following two years increase of land bank, purchase of new oilseeds crushing facilities (with annual capacity of up to 1.5M tons), new grains export terminal construction, so that main part of profits is to be reinvested into development of the holding.

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