Revenue and profits of AB Linas Agro Group went up.
Consolidated revenues of AB Linas Agro Group during nine months of financial year 2012/2013 totaled LTL 1,658 million and were 53% more as compared to the corresponding period of the previous year (LTL 1,083 million).
The Group’s sales tonnage reached 1.57 million tons of various grains and agricultural inputs and was 48% more as compared to previous year (1.06 million tons), exports increased from 77 to 79% of total sales.
The operating profit reached LTL 97 million or was by 3% less as compared to the respective period of the previous financial year (LTL 100 million). In fact operating profit increased 2.7 times as 2011/2012 financial year’s profit has been boosted by the sale of shares of Ukrainian subsidiary PJ-SC UKRAGRO NPK for 64 million litas.
The net profit attributable to the Group grew by 10 % from LTL 75 million previous year to LTL 83 million.
All Groups’ business segments were profitable. Group managed to increase gross profitability from 6.1% last year to 7.4% this year.