Agroliga net profit lost 20% in 1H 2020

Agroliga posted a net profit for 1H 2020 at EUR 1.215 mln, 20% lower YoY (1H 2019: EUR 1.52 mln).

According to the report, the company's revenue totalled EUR 42.92 mln, 2.2x higher from the prior year's comparative period (1H 2019: EUR 19.44 mln).

The gross profit in the reporting period grew 2.2x to EUR 5.21 mln (1H 2019: EUR 2.37 mln), the operating profit improved by 54% to EUR 3.24 mln (1H 2019: EUR 2.11 mln).

Previously reported that Agroliga commissioned a thermal power station (TPS) which will produce energy from sunflower husk. The construction of the facility started in early March 2019.