AgroGeneration reduced its net loss to EUR 8.5 mln in 2018
In the financial year 2018, AgroGeneration reduced its net loss to EUR 8.5 million, 35 per cent less from the previous year (EUR 13.2 million).
The company's revenue declined by 24 per cent to EUR 41 million. The gross profit dropped 30 per cent to EUR 11.3 million, whilst the operating profit grew by 75 per cent to EUR 1.5 million. EBITDA amounted to EUR 10.2 million vs. EUR 9.1 million.
Previously the company informed about further plans for farmland volume increase, rather than selling assets.