AgroGeneration profit in H1 2018 stands at EUR 1.83 mln

In H1 2018, AgroGeneration received EUR 1.83 million of net profit against EUR 305 thou. of loss in the corresponding period of the year 2017.

The company's revenue for the period amounted to EUR 17.43 million, which is EUR 5.99 million less y-o-y. Profit before interest and tax stood at EUR 1.9 million (H1 2017: EUR 3.39 million).

The gross profit decreased 34% to EUR 6.7 million (H1 2017: EUR 6.7 million).

Earlier it was reported that AgroGeneration finalized winter wheat sowing campaign. Branches of the company planted almost 90% of the planned areas by the end of the first decade of October.