Consolidated revenue of AB Linas Agro Group in three months went down, EBITDA was higher
Consolidated revenue of AB Linas Agro Group in three months of 2017/18 financial year totaled EUR 129 million and was 16% less as compared to previous year (EUR 153 million).
Sales volume in tons reached 435 thousands of various grains and agricultural inputs and was 13% less as compared to previous year (500 thousand tons).
The main reason behind the revenue drop was the slowed down sales in grain and feedstuff trading business (those declined by 22%) as well as a plunge in sales down 15% in agricultural inputs, reflecting difficult situation with Baltic grain harvest. Revenue in other businesses increased if compared to the respective period of previous year.
The gross profit reached EUR 14.5 million or was 2% higher than a year before (EUR 14.2 million).
Consolidated EBITDA was 3% higher and exceeded EUR 8.5 million as compared to the previous year (EUR 8.3 million).
Operating profit stood at EUR 5.6 million and was 6% lower as compared to the respective period of the previous year (EUR 5.9 million).
Profit before taxes amounted to EUR 5.2 million (compared to EUR 5.4 million in previous year). The net profit attributable to the Group stood at EUR 4.3 million (EUR 4.2 million in previous year).
