KSG Agro saw $2.2 million of net profit in January-March 2018, which was a 9.7-fold rise year-over-year. According to a company report on the website of the Warsaw Stock Exchange (WSE), revenue over the period grew by 33.6%, to $3.9 million.
The company saw a 1.6-fold rise in gross profit, to $1.7 million, and a 2.4-fold rise in operating profit, to $2.6 million.
Assets as of March 31, 2018 totaled almost $61.88 million.
Revenue in the crop planting segment grew 2.6-fold in Q1 2018 year-over-year, to $232,000, and in the processing segment – by 14.9%, to $1.32 million, while in the livestock breeding segment it fell by 10%, to $2.26 million.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.