Agromino in the first half of 2017 received € 9.5 million of net profit
Agromino (Trigon Agri) in the first half of 2017 received € 9.46 million of net profit against the € 14.93 million net loss in the first half of 2016, the company's report states.
In the second quarter of 2017, the company's net profit was €10.26 (€ 5.961 million net loss in the second quarter of 2016).
"The increase in profitability was mainly due to a decrease in financial costs, financial revenues from the sale of the non-core part of the elevator business, a revised share of the return on investment and the absence of losses from discontinued operations," the report says.
During the reporting period, the company's EBITDA decreased to € 9.4 million (compared to € 12.3 million in the first half of 2016).
"EBITDA for the first half of 2017 remained lower than in the same period of 2016, which is explained by lower crop costs and higher expenses," the report said.