KSG Agro Holding has completed the harvesting campaign of winter crops – barley, rape and wheat on a total area of about 6.34 thousand hectares, including barley from 1.1 thousand hectares, rape from 2.138 thousand hectares, wheat from 3.1 thousand hectares, according to the group’s press release on Wednesday.
It is specified that barley yield amounted to 3 tons/ha, rapeseed – 2.5 tons/ha, which corresponds to last year’s indicators. The yield of winter wheat is twice as high as last year and showed 5 tons per hectare.
Efficient work of the holding farms’ collectives and weather conditions with sufficient rainfall allowed to obtain a good harvest result. Despite the pessimistic moods about winter crops in autumn and winter, associated with the rise in prices of fertilizers and NWR, we reached the break-even point and even remained in the pluses”, – the press service of the agricultural holding quoted the head of the plant division Dmitry Emelchenko.
In the harvesting campaign 13 combines were used – 2 of them John Deere, and the others – Claas Lexion. In addition, 4 hopper-loaders and about 50 trucks were used to transport the harvest.
KSG Agro, a vertically integrated holding company, is involved in pig farming as well as the production, storage, processing and marketing of cereals and oilseeds. Its land bank is about 21 thousand hectares in Dnepropetrovsk and Kherson regions.
According to the agroholding, it is among the top 5 pork producers in Ukraine.
Last year KSG Agro, due to the full-scale war started by Russia, ended 2022 with a net loss of $1.68 mln compared to $17.71 mln net profit in 2021, its EBITDA decreased 5.5 times to $1.79 mln, and its revenue decreased by 47.3% to $16.2 mln.
Agriholdnig earned $1.53 million in net income in January-March 2023, down 17% from the same period last year. Its EBITDA rose 23% to $1.87 million, with revenue up 45% year-on-year to $5.12 million, gross profit up 46% to $2.06 million and operating profit up 37% to $1.54 million.
