Agroton Agrarian Group now controls the property and 5 thousand hectares of land bank in Kharkiv region out of 110 thousand hectares in Kharkiv and Luhansk regions that were previously under cultivation, the group reported on the Warsaw Stock Exchange.
According to the report, Agroton is currently involved in clearing farmland and preparing for spring field work.
As noted, the company has no control over the property and land in the occupied Luhansk region, so its employees have left.
The management of the agroholding promises to provide shareholders with reports on all requirements after the end of the war in Ukraine.
“Agroton” has been working in the Ukrainian market since 1992 and before the full-scale Russian military invasion it specialized in growing grains and oilseeds, producing and selling livestock products. The land bank of Agroton before the war was about 110 thousand hectares in Lugansk and Kharkiv regions. The group owns two poultry farms in Lugansk region.
“Agroton” reported in 2022 that representatives of the so-called “LNR” and OJSC “Agrocomplex named after N.I. Tkachev” (Russian Federation) “seized” all the assets of its parent company Agroton Public Limited in the Luhansk region on May 21, 2022. The management of the group applied to the law enforcement bodies of Ukraine with a request for a legal assessment and bringing to justice those involved in the seizure of its property.
According to the Luhansk Regional Military Administration, Russian occupants with the participation of collaborators – citizens of Ukraine stole 20 thousand tons of grain from “Agroton” elevators, as well as collected from its fields and exported to Russia 200 thousand tons of crop 2022. In addition, the invaders stole 40 vehicles to Russia.
At the end of 2020, Agroton Agroholding (Luhansk region) increased its net profit by 2.3 times compared to 2019 – up to $11.76 million, and its EBITDA increased by 14.6 times – up to $33.04 million.
According to the company’s annual financial report on the Warsaw Stock Exchange website, its annual revenue increased by a quarter – to $67.55 million, gross profit -by 3.2 times, to $32.91 million, operating profit amounted to $26.69 million versus an operating loss of $4.30 million obtained in 2019.
The assets of Agroton last year increased by 5.1% – up to $120.34 million.
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.
