Consolidated revenue and EBITDA of AB Linas Agro Group in nine months of 2017/18 financial year were up
Consolidated revenue of AB Linas Agro Group in nine months of 2017/18 financial year totaled EUR 449 million and was 0.3% more as compared to previous year (EUR 448 million).
The Group’s sales volume in tons reached 1.63 million of various grains and agricultural inputs and was 2.1% more as compared to previous year (1.59 million tons).
The gross profit reached EUR 30.5 million and was 1.6% higher than a year before (EUR 30 million).
Consolidated EBITDA was 3% higher and amounted to EUR 13.7 million as compared to the previous year (EUR 13.3 million). Operating profit was EUR 4.7 million or 21% less as compared to the respective period of the previous year (EUR 5.9 million). Profit before taxes amounted to EUR 3.1 million (compared to EUR 4.2 million previous year). The net profit attributable to the Group stood at EUR 2.54 million (EUR 2.48 million previous year).
The sales volumes of grains, oilseeds and feedstuffs in tons remained almost the same and amounted to 1.33 million. However, due to lower world grain market prices, sales revenue for these products declined from EUR 217 million to EUR 211 million.
Grain elevators of the Group collected and processed almost 482 thousand tons of various agricultural commodities or 7% more than a year before.
Revenue, gained from of fertilizers and plant protection products sales, was 18% less and close to EUR 38 million. Revenue from seed sales grew 6% up to EUR 12.6 million.
Sales of new agricultural machinery decreased by 19% to EUR 24 million, while trade of second-hand agricultural machinery grew 70% up to EUR 1.5 million. Revenue gained from spare parts sales and service grew 10% to EUR 7 million. Sales of dairy farming equipment increased by 112% to EUR 0.55 million. Trade in grain storage facilities and equipment grew 67% to over EUR 9 million.
Sales of agricultural companies grew 14% from EUR 20.7 million to EUR 23.6 million.
Revenue from poultry business increased by 13.6% from EUR 44.4 million to EUR 50.4 million.