Agromino made profit in 12M 2019
Agromino reported a net profit of EUR 2.6 mln in 12M 2019 compared to a net loss of EUR 9.6 mln in 12M 2018.
"A significant change in a net loss in 12M 2019 in comparison with 12M 2018 was due to absence of currency translation losses from disposal of subsidiaries (EUR 10 mln loss in 12M 2018)," the company's report reads.
Infographic guide Ukrainian Agribusiness 2018/19
Total revenue of the Group for 12M 2019 stood at EUR 35.6 mln compared to EUR 25.3 mln for 12M 2018. The operating profit made up EUR 5.91 mln vs. EUR 9.27 mln of loss in 12M 2019.
EBITDA profit of EUR 9.9 mln in 12M 2019 compared to EBITDA loss of EUR 7.6 mln in 12M 2018.
Previously reported that Agromino planned to expand its grain storage capacity in Ukraine. Currently, the group owns and operates four elevators with a useable total capacity of 121 thou. t.