Agroliga reports EUR 3.36 mln of net profit for 1Q 2021

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.