Such a rise in trading volumes was supported by increase of share capital of the company and additional financing received. «In 2018 registered share capital of MIMIER TRADE SA increased 35 times – from CHF 0.1 mln up to CHF 3.5 mln. Retained earnings of almost USD 4.5 mln increased Total Equity of the company up to USD 8.0 mln», commented Max Kyrychenko, Finance & Business Development Director of MIMIER TRADE SA.
Revenue of MIMIER TRADE SA is steadily growing since 2016. The main activity of the company remains soft commodities and petrochemical trading. The robust global economy drove strong growth in demand for all the commodities that the company trades and a tightening supply-demand balance pushed prices of many products higher. However, the vegetable oil and refined product markets were still characterised for much of the year by oversupply and relatively low volatility, reducing margins and arbitrage trading opportunities. Petrochemical trading had steadier trend and MIMIER TRADE SA increased its share in revenue from 9% in 2017 up to 56% in 2018.
In 2019 MIMIER TRADE SA plans to increase sales of all its main agro commodities groups – particularly high oleic sunflower seeds oil, sunflower meal and soybean oil. In addition to main markets of the company EU and South-East Asia the company actively develop its sales to Russia and Belarus. Main commodities in petrochemical trading remain gas oil, naphtha, butane and LPG.