ViOil is planning Initial Public Offering on Warsaw Stock Exchange
2011-06-20 16:58:51
ViOil intends to raise 140 mln USD by starting IPO on WSE. Placement of shares will most likely be completed by the middle of July and may include placement of existing shares upon the demand of investors. ViOil is planning to use the resources acquired for further financing of its own activities. Part of the funds will be used for the development of the existing organic production as well as acquisition of additional capacities for storage and processing.
Revenues of the company for 9 months of current fiscal year until March 31st, 2011 amounted to 220 mln USD in comparison with 154,9 mln USD of the same period during the previous year. Net Income of the company amounted to 26,5 mln USD.
The company has produced 54.6 thousand tons of sunflower oil during fiscal year of 2010-2011 compared to 47,2 for the same period during 2009-2010.