Ukraine's Kernel sees its profits fall further on crop prices
WARSAW Oct 25 (Reuters) - Ukrainian agricultural producer Kernel expects falling crop prices to depress profit by a further 13 percent in the fiscal year ending June 2014.
The edible oil producer said it expected core EBITDA (earnings before interest, taxes, depreciation and amortisation) at $250 million compared with $288 million booked in the fiscal year which ended June 2013.
Kernel said it missed its 2013 guidance of $310 million due to lower than initially estimated sunflower seed availability and the "dramatic" decline of crop prices this summer. (Reporting by Agnieszka Barteczko; Editing by David Cowell)
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