Agromino revenue grew 1.5x in 9M 2019

For the period of 9M 2019, Agromino reports net profit of EUR 5.0 mln vs. net loss of EUR 6.4 mln in 9M 2018.

Total revenue of the Group for 9M 2019 reached EUR 22.4 mln compared to EUR 14.9 mln for 9M 2018.

In 9M 2019, the company's EBITDA stood at a profit of EUR 9.0 mln compared to a loss of EUR 4.3 mln in 9M 2018.

"A significant change in net loss in 9M 2019 in comparison with 9M 2018 was due to absence of currency translation losses from disposal of subsidiaries (EUR 10 mln loss in 9M 2018)," the company's report reads.

For the year 2018, Agromino net loss amounted to EUR 10.3 mln vs. profit of EUR 3.5 mln in 2017.