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Mriya expects EBITDA at $15-mln in 2018/19, $9-mln down from original target
Journal Staff Report

KYIV, Sept 13 Mriya farming company, which is pebing purchased by Saudi sovereign fund, in 2018/19 fiscal year expects that earnings before interest, taxes, depreciation and amortization (EBITDA) will be $15 million, which is $9 million less than the preliminary estimate made in February 2018.

"The lower forecasted EBITDA is mainly driven by higher costs (land rent, fuel, and services), and a fall in the price of sugar by more than 40% due to global market conditions," the company said in a presentation posted on Wednesday.




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