Net profit of PJSC "Agrarian Fund" in January-March 2017 increased 5.4 times compared with the same period in 2016 - from UAH 20.5 million to UAH 111.3 million. This is stated in the release of the company.

According to the report, the company's revenue in the first quarter of 2017 amounted to 1.3 billion UAH against 763 million UAH in the first quarter of 2016.

In January-March, the company sold 246.4 thousand tons of grain and 63.5 thousand tons of flour.

Recall that by the end of 2016, the Agrarian Fund reduced net profit by 3.2 times compared to 2015 - to UAH 48.7 million.

In early 2017, the State Property Fund decided to privatize the PJSC "Agrarian Fund".

The PAO was created in 2013 by a government decree. Its authorized capital is 5 billion UAH.

The previous leadership of the Agrarian Fund, headed by Alexander Kiryuk, placed over 2 billion UAH on the accounts of Brokbusinessbank, in Radikal Bank - 300 million UAH. Due to the bankruptcy of these financial institutions, the company has not returned money to the enterprise.

Read more about the Foundation's activities in an interview with the head of the PJSC "Agrarian Fund" Andrei Radchenko: "The efficiency of grain exports for the country can be doubled".