Financial results of AB Linas Agro Group for the 1st half of FY 2012/2013 ended 31 December 2012.
Consolidated revenue of AB Linas Agro Group in the first half of financial year 2012/2013 totaled LTL 1,123 million and was 29% more as compared to previous year (LTL 869 million) that included revenues of Ukrainian company PJ-SC UKRAGRO NPK.
The Group’s sales volume reached 1 million tons of various grains and agricultural inputs and was 22% more as compared to previous year (0.8 million tons). Excluding PJ-SC UKRAGRO NPK sales volumes, Group’s sales volume in tons grew by 1.5 times.
Exports of the Group increased. The Group reached a historic high, having dispatched 5 Panamax type vessels (average vessel tonnage – 60 thousand tonnes).
The Group’s EBITDA grew from LTL 38 million to LTL 91 milllion, the operating profit reached LTL 77 million or was 2.4 times higher as compared to the respective period of the previous financial year (LTL 32 million). The net profit before tax amounted to LTL 78 million (compared to LTL 28 million previous year). The net profit attributable to the Group reached LTL 68 million (LTL 19 million previous year).
Grain storage facilities owned by AB Linas Agro Group processed 518 thousand tons of various grains or 61% more than over the respective period of the previous year.