Agroliga net profit improved 1.4x in three months 2019

Agroliga Group reported EUR 1.03 million of net profit for Q1 2019, 43 per cent higher from Q12019 (EUR 0.72).

By the company's report, sales revenue in the reporting period grew to EUR 9.32, 16 per cent more from Q1 2018 (EUR 5.06).

The gross profit boosted 33 per cent to EUR 1.41 million (Q1 2018: EUR 0.72 million). The operating profit stood at EUR 1.29 million (Q1 2018: EUR 0.66 million).

In January-March 2019, the cost of sales increased by 13 per cent to EUR 7.91 million (Q1 2018: EUR 4.22 million).

In the year 2018, Agroliga accumulated EUR 5.75 million of net profit, 38.2 per cent more from 2017.