KSG Agro sees $2 mln of net profit in H1 2016

14:15, 22.08.2016 1 min read

KSG Agro (Luxembourg) with assets in Ukraine saw $1.95 million of net profit in January-June 2016 compared to net loss of $3.825 million a year ago.

According to a company report on the Warsaw Stock Exchange (WSE), its revenue over the period grew by 40%, to $7.14 million.

KSG Agro saw a 22.5% rise in operating profit in H1 2016, totaling $5.29 million and a 7.5% rise in gross profit, reaching $4.86 million.

Earnings before interest, tax, depreciation and amortization (EBITDA) over the period fell by 3.3%, to $6.04 million from $5.24 million in January-June 2015.

KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products. The total arable land leased by the company is around 63,000 hectares.