Group’s Revenue and profit of AB Linas Agro Group went up.
Consolidated revenue of AB Linas Agro Group in the first quarter of 2015/16 financial year totaled EUR 149 million and was 15% more as compared to previous year (EUR 131 million).
The sales volume of the group of companies reached 475 thousand tons of various grains and agricultural inputs and was 13% more as compared to previous year (421 thousand tons).
Grain storage facilities owned by AB Linas Agro Group processed 439 thousand tons of various grains or 9.5% more as compared to the respective period of 2014/15 financial year (401 thousand tons).
The gross profit of AB Linas Agro Group eached EUR 12 million or was 33% more than a year before (EUR 9.1 million). Consolidated EBITDA went up from EUR 6.1 million to EUR 7.2 million.
The operating profit reached EUR 4.5 million or was 27% more as compared to the respective period of the previous year (EUR 3.5 million).
The net profit before tax amounted to EUR 3.9 million (compared to EUR 2.9 million of the previous year). The net profit attributable to the Group reached EUR 3.5 million (EUR 2 million previous year).