Agroliga sees 17% rise in net profit
The Agroliga Group (Kharkiv region) saw EUR 6.75 million in net profit in 2019, which is 17.3% more than in 2018.
According to a report of Agroliga Group Plc on the Warsaw Stock Exchange, revenue soared 2.3 times, to EUR 50.44 million.
Gross profit last year increased 1.8 times compared to the previous year, to EUR 10.61 million, operating grew by 34.2%, to EUR 8.02 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2019 increased 1.6 times, to EUR 11.2 million.
Assets of Agroliga in 2019 increased 1.6 times and as of December 31, 2019 amounted to EUR 66.91 million. Net debt at the end of the year increased 42.6%, to EUR 30.62 million.
Agroliga has been operating in the Ukrainian market of agricultural products since 1992. Its enterprises are engaged in production, processing and sale of grains and oilseeds.
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