Consolidated 3 month revenue and EBITDA of AB Linas Agro Group went up
Consolidated revenue of AB Linas Agro Group in three months of 2016/17 financial year totaled EUR 153 million and was 2.3% higher as compared to previous year (EUR 149 million). The main reason behind the revenue growth was the increase in sales of business Segment ‘Product and Services to Farming’, which grew up almost 16%. Sales in other Group’s business Segments declined due to overall drop in prices for agricultural produce, grain and poultry products.
The Group’s sales volume in tons exceeded 500 thousand tons of various grains and agricultural inputs and was 5.3% more as compared to previous year (475 thousand tons). Grain storage facilities owned by the Group processed 382 thousand tons of various grains or 13% less as compared to previous year (439 thousand tons).
The gross profit reached EUR 14 million or was 18% higher than a year before (EUR 12 million).
Consolidated EBITDA grew from EUR 7.2 million to EUR 8.3 million.
The Group’s operating profit reached EUR 6 million or was 34% more as compared to the respective period of the previous year (EUR 4.5 million).
Profit before taxes amounted to EUR 5.4 million (compared to EUR 4 million in previous year). The net profit attributable to the Group stood at EUR 4.4 million (EUR 3.5 million in previous year).
