The Agroliga group of companies (Kharkiv region) saw EUR 5.75 million in net profit in 2018, which is 38.2% more than in 2017.
According to a report of the holding company of the group – Agroliga Group Plc – on the Warsaw Stock Exchange (WSE), revenue slightly fell, to EUR 21.65 million.
Gross profit last year rose by 1.7%, to EUR 6.06 million and operating profit – by 44.9%, to EUR 5.98 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 1.6-fold, to EUR 7.01 million. Net debt increased 2.1-fold, to EUR 11.01 million.
Assets expanded 1.7-fold, reaching EUR 42.19 million as of December 31, 2019.
Agroliga has been operating on the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grain crops, processing sunflower seeds, and dairy farming.
The group cultivates about 10,000 hectares of land.
The majority shareholders of the group are Oleksandr Berdnyk with a share of 41.66%, and Iryna Poplavska with 41.66%.