Agroton (Luhansk region) in January-June 2019 saw a 72.2% drop in net profit compared to the same period of 2018, to $3.28 million.
According to a report of the holding on the website of the Warsaw Stock Exchange (WSE), revenue over the period slightly grew by 7.4%, to $17.85 million.
Though, the holding saw 56.5% fall in gross profit, to $3.89 million, and its operating profit decreased 96.7%, to $0.2 million.
As of June 30, 2019, total cost of Agroton assets accounted for $110.9 million.
Through the sixth months of 2019, winter wheat sales revenue saw 21.3 times rise, to $2,56 million (13,800 tonnes), revenues of sunflower sales grew by 24.5%, up to $5.84 million (18,900 tonnes), corn remaining on the same level as the year ago with $0.094 million and other crops saw 1.6 times rise, to $0.36 million.
Revenue in the livestock segment fell by 10.8%, to $1.94 million and in the vegetable oil segment – by 25.8%, to $6.8 million.
Agroton has been working in Ukraine since 1992. It specializes in growing grains and oilseeds, production and sales of livestock products. Agroton’s land bank is about 118,000 ha. It is located in Luhansk and Kharkiv regions. The group owns two poultry farms in Luhansk region.
