Agroliga Group (Kharkiv Oblast) has generated EUR1.00m of consolidated net profit in January-June 2023, up 24.6% year-on-year.
According to the company’s report on the Warsaw Stock Exchange, its revenue for the first half of the year decreased by 9.4% to EUR24.61 mln.
Due to a smaller increase in the cost of sales, gross profit fell by only 0.7% to EUR3.30m, but distribution costs, which rose by a third to EUR1.54m, led to a 30.0% drop in operating profit to EUR1.44m.
Agroholding notes that its free cash flow at the end of the first half of the year fell to EUR0.20m from EUR2.54m due to a reduction in debt at the end of 2022, while investments fell fivefold year-on-year to EUR0.22m in the reporting period.
The main shareholders of the group are Alexander Berdnik and Irina Poplavskaya with 41.66% stakes each, while another 16.68% of shares are in free float.
As reported, Agroliga Group reported a EUR2.21m net loss in 2022, down from a EUR8.13m net profit a year earlier, due to Russian full-scale aggression. Its revenue rose 18.9% to EUR47.46m.
In its annual report, the agroholding said it operates about 8,000 hectares of land, pressed oil plants with an annual capacity of 42,000 tons, and an oil extraction plant with an annual processing capacity of 100,000 to 180,000 tons of sunflower seeds, which can also produce soybean and rapeseed oil. In addition, the group has completed the construction of energy facilities that operate on a green tariff and ensure waste-free production.
The company employs 332 people as of August 15.
As reported, Agroliga Group earned EUR0.77m in net profit in January-March 2023, up 70.5% year-on-year in January-March 2022. Its revenue for the first quarter increased by 32.4% to EUR12.91m.
Agroliga group (Kharkiv region) made net profit of EUR0.77 mln in January-March 2023, a 70.5% increase from January-March 2022.
According to the company’s report on the Warsaw Stock Exchange on Tuesday, its first-quarter revenue rose 32.4% to EUR12.91 million.
However, due to higher cost of sales, gross profit rose less, by 11.3% to EUR2.33 million, while distribution costs, which increased 4.2 times to EUR1.01 million, also caused a 36.1% drop in operating profit to EUR1.11 million.
The Agroholding notes that its free cash flow at the end of the first quarter stood at EUR1.67 million, compared with EUR1.74 million at the end of 2022.
The main shareholders of the group are Alexander Berdnik and Irina Poplavskaya with 41.66% each, and 16.68% of the shares are in free float.
As it was reported, Agroliga group received net loss of EUR2.21 million in 2022, compared to net profit of EUR8.13 million a year earlier, which was due to the Russian full-scale aggression. Its revenue grew by 18.9% to EUR47.46 million.
In its annual report the agroholding said it operates about 8 thnd hectares of land, a pressing oil plant with 42 thnd mtpa crushing capacity and an oil extraction plant with 100-180 thnd mtpa sunflower seed processing capacity, which can also produce soybean and rapeseed oil.
In addition, the group completed construction of power facilities that operate at a “green” tariff and ensure zero-waste production.
The Agroliga group of companies (Kharkiv region) in January-June 2022 reduced its net profit by 3.2 times compared to the first half of 2021 – to EUR 0.81 million, revenue decreased by 25% – to EUR 27.2 million.
According to the condensed report of its holding company Agroliga Group PLC (Cyprus) on the Warsaw Stock Exchange, Agroliga’s gross profit for the specified period decreased by 6% – to EUR3.32 million, operating profit – by 17.7%, to EUR1.74 million .
As of June 30, 2022, the assets of Agroliga increased by 10% compared to the same date in 2021 – up to EUR74.6 million, current debt obligations – by 38.5%, up to EUR30.55 million, long-term liabilities – by 4 .8%, up to EUR6.5 million
At the same time, the report does not contain any information about the activities of the agricultural holding in the conditions of the military invasion of the Russian Federation in the Kharkiv region. Earlier, in March, “Agroliga” reported that part of its assets were occupied by Russian troops, because of which economic activity in the places of hostilities was paralyzed.
In April, the agricultural holding clarified that it had not started sowing work on the fields occupied by Russia. At the same time, in the territory controlled by Ukraine, the sowing campaign is carried out in accordance with a previously drawn up plan. The oil extraction plant of Agroliga and the power plant remained in the controlled territory and are operating normally.
Before the war, the Agroliga Group included the following agricultural producers in the Kharkiv region: Agroliga LLC (Kamenka village), Mechnikovo LLC (Novoegorovka village), Vostokagrokontrakt LLC (Nikolaevka village), Mayak LLC (village Berezovka), Agrokom Novaya Vodolaga LLC (Novaya Vodolaga township), AGL Enerdgy LTD. (town Novaya Vodolaga) with a total land bank of 10 thousand hectares.
In addition, it included Liga-A LLC (Kharkiv), acting as a trading house, Agroliga Polska – a trading company registered in Poland, Agroliga Group PLC holding company (Cyprus), Agroliga Group of Companies PLC holding company (Kharkiv) and specializing in sales and trade services for other companies of the Agroliga-Trade LLC group.
GC “Agroliga” has been working on the Ukrainian market of agricultural products since 1992. He is engaged in the cultivation of grain crops, processing of sunflower seeds and dairy farming.
The capacity of the oil plant, which operates according to the pressing technology, is 42 thousand tons per year, the oil plant, which operates according to the extraction technology, is 110 thousand tons of sunflower per year.
The majority shareholders of the group are Alexander Berdnik with a share of 41.66%, Irina Poplavskaya – 41.66%.
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.
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%.
The Agroliga Group (Kharkiv region) in January-September 2018 saw a EUR 2.35 million in net profit, which is 2.9% less than a year ago.
According to a company report for January-September 2018, revenue grew by 4.9%, to EUR 15.26 million, gross profit – by 4.7%, to EUR 3.43 million, and operating profit fell by 5.6%, to EUR 2.81 million.
Total assets as of September 30, 2018 came to EUR 33.02 million compared with EUR 25.33 million as of December 31, 2017.
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%.
