Agroliga reports EUR 3.36 mln of net profit for 1Q 2021
18 May 2021, 10:36
Agroliga net profit for 1Q 2021 (1 January 2021–31 March 2021) made up EUR 3.36 mln vs. EUR 0.869 mln of net loss in the prior-year comparative period.
According to the company's report, the revenue came to EUR 23.38 mln, 13% higher YoY (1Q 2020: EUR: 20.68 mln).
The gross profit of Agroliga in 1Q 2021 totalled EUR 3.21 mln, having improved by 11% YoY (1Q 2020: EUR: 2.89 mln), the operating profit increased by 59%, to EUR 3.14 mln (1Q 2020: EUR: 1.98 mln).
For the year 2020, Agroliga reported EUR 4.29 mln of net profit. The company also informed about its plans upon farmland market opening in Ukraine.