Consolidated six-months revenue and profits of AB Linas Agro Group went up
Consolidated revenue of AB Linas Agro Group in six months of 2017/18 financial year totaled EUR 325 million and was 9.4% more as compared to previous year (EUR 297 million).
The Group’s sales volume in tons reached 1.2 million of various grains and agricultural inputs and was 17% more as compared to previous year (1 million tons).
The gross profit reached EUR 27 million and was 34% higher than a year before (EUR 22 million).
Consolidated EBITDA was 69% higher and amounted to EUR 14.5 million as compared to the previous year (EUR 8.6 million).
The Group’s operating profit was EUR 8.5 million or 2.3 times higher as compared to the respective period of the previous year (EUR 3.7 million).
Profit before taxes amounted to EUR 7.5 million (compared to EUR 2.6 million previous year). The net profit attributable to the Group stood at EUR 6.4 million (EUR 1.6 million previous year).
The gross profit in the second quarter of this financial year increased from EUR 7.6 million to EUR 12.6 million, and the operating profit amounted to EUR 2.9 million compared to EUR 2.3 million operating loss and net profit reached EUR 2.1 million as compared to loss of EUR 2.7 million a year ago.