Revenues of AB Linas Agro Group during twelve months of financial year 2012/2013 overcame 2.043 billion litas, gross profit went up to 157 million litas.

Consolidated revenues of AB Linas Agro Group during twelve months of financial year 2012/2013 totaled LTL 2.043 billion and were 53% more as compared to the corresponding period of the previous year (LTL 1.338 billion). The Group sold 1.78 million tons of various agricultural products and agricultural inputs or 32% more as compared to previous year (1.35 million tons).

Gross profit was record high and reached LTL 157 million or 65% more compared to LTL 95 million in fiscal year 2011/2012.

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to LTL 126 million (compared to LTL 127 million in previous year). The net profit attributable to the Group remained almost unchanged and was LTL 87 million compared to previous year‘s LTL 89 million.

During the reporting period, AB Linas Agro Group acquired farming company Kėdainiai district Labūnavos ŽŪB, logistics company UAB Jungtinė Ekspedicija, also the leading seller of agricultural machinery, seeds and grain storage equipment in Lithuania – UAB Dotnuvos Projektai.

Group’s consolidated operating costs were 63% higher due to acquisitions of several companies and amounted to LTL 80 million.

“Our results witness that we are on the right way. Even despite the good grain harvest in Lithuania, without new grain storage facilities and investments into them, we would not have been able to sell 1 million tons of grains and oilseeds – twice more than last year. Our grain storages accepted 556 thousand tons of various grains, this is 53% increase compared to the last year. Other investments proved effectiveness as well. UAB Dotnuvos Projektai alone has increased the income of our Group by LTL 190 million.

We see the clear growth perspectives in all the fields we work as well as in the Baltic region. On 16 August we received the permission by the Competition council to acquire asset management company UAB Žemės Ūkio Investicijos that owns agricultural company Panevezys district Žibartoniai ŽŪB, now we are preparing for the company takeover. We are also expecting permission from the Competition Council of the Republic of Latvia to acquire the group of Latvian poultry enterprises this year”, – state Darius Zubas, managing director of AB Linas Agro Group.

In July AB Linas Agro Group has announced its intention to acquire a group of Latvian poultry companies.