In the past three years IMC has been focusing on the implementation of its strategy to reduce the company's total debt. Only for the first quarter of 2016 IMC has reduced total debt by $8.3 million, and in general for the 2014-2016 years, IMC has demonstrated significant progress in the implementation of this strategy, reducing the company's total debt by $49.5 million.

In addition to this IMC pays special attention to the optimization and reduction of the financial costs. To this end, on May 19, 2016 two enterprises (Burat-Agro, Ltd. and Chernihiv Industrial Milk Company, Ltd.), belonging to the IMC's group, began advanced repayment of loans to Prominvestbank (total amount of loans is $17.9 million with a maturity of June 30, 2016).

Industrial Milk Company SA published this content on 20 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 May 2016 07:37:03 UTC.

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