Kernel Holding S.A. announced operating results for the first quarter ended September 30, 2015. For the quarter, grain sales were 927,446 tons, sunflower oil sales in bulk were 158,150 tons, bottled sunflower oil sales were 17,683,000 liters and oilseed crush was 417,902 tons, against grain sales were 1,220,855 tons, sunflower oil sales in bulk were 202,592 tons, bottled sunflower oil sales were 22,774,000 liters and oilseed crush was 506,386 tons a year ago. Oilseed crush was down 17% year on year as a result of lower availability of sunflower seed in the end of marketing season. Sunflower oil sales were down 22% year on year in line with lower crushing volumes. Weak price environment dampened farmers' selling activity in Ukraine, which resulted in 24% decline of grain sales year on year.

For the fiscal full year 2016, the company expects crush at around 2.7 million tons, up from 2.5 million tons in fiscal year 2015. Sales are expected at levels comparable to fiscal year 2015.