Consolidated revenue of AB Linas Agro Group totaled LTL 1,581 million during nine months of 2013/2014 financial year, EBITDA – LTL 75.3 million .
Consolidated revenue of AB Linas Agro Group totaled LTL 1,581 million during nine months of 2013/2014 financial year and was 4.6% less as compared to previous year (LTL 1,658 million). Revenue for the third quarter totaled LTL 579 million and grew 8.2% as compared to previous year (LTL 535 million).
The Group’s sales volume in tons reached 1.6 million tons of various grains and agricultural inputs and was 1.4% more as compared to previous year (1.5 million tons).
The Group managed to maintain its gross profitability above 6% and earned LTL 98 million in gross profit (LTL 123 million in 2012/2013 financial year). The gross profit margin in third quarter stood at 7.1% (6.3% in the respective period of 2012/2013 financial year).
Consolidated Group’s EBITDA decreased to LTL 75.3 million as compared to previous year (LTL 116 million). EBITDA for the third quarter was LTL 23 million and also less as compared to LTL 25 million in 2012/2013.
The Group’s operating profit reached LTL 55 million or was 43% less as compared to the respective period of the previous year (LTL 97 million) and the net profit before tax amounted to almost LTL 50 million (compared to LTL 95 million previous year). The net profit attributable to the Group reached LTL 40 million (LTL 83 million previous year).
During the third quarter AB Linas Agro Group acquired three Latvian poultry companies: SIA Lielzeltini, SIA Cerova and SIA Broileks which have been consolidated into the Group since February 2014. Group spent EUR 6.5 million on acquisition of the shares of Latvian companies. Recent investments of the Group have been focused on enhancement of profitability of the Group and show the consistency of the Group in increasing its long-term profitability.
Consolidated interim report for 9 months period of FY 2013/2014
Consolidated financial statements for 9 months period of FY 2013/2014