KSG Agro Ups EBITDA By 10% To USD 1.5 Million, Ups Revenues By 0.5% To USD 3.5 Million In Q1

In the first three months of 2022, the KSG Agro agro-industrial company (Dnipropetrovsk region) increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 10% or USD 0.138 million year over year to USD 1.524 million.

That follows from a statement of the company, Ukrainian News Agency reports.

At the same time, in the first quarter, the company increased revenues by 0.5%, or USD 19,000, to USD 3.54 million compared to the first quarter of 2021.

During the specified period, the company's net profit increased 2.4 times, or by USD 1.09 million, to USD 1.842 million.

KSG Agro in the first quarter of 2022 compared to the same period in 2021 increased the number of pigs by 17.6% - from 46,400 to 54,500 heads.

At that, the offspring number for the same period increased by 28.1% - from 25,200 to 32,300 goals.

As Ukrainian News Agency earlier reported, in 2021, the KSG Agro agro-industrial company increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) twice, or by USD 6.256 million, year over year to USD 12.278 million.

At that, in 2021, the company's revenues increased by 44.1%, or by USD 9.408 million, to USD 30.746 million, and net profit - 16 times, or by USD 19 million, to USD 20.27 million year over year.          

KSG Agro was founded in 2001, the enterprises included in it are located in Dnipropetrovsk and Kharkiv regions.

The company develops a pig-breeding business, is engaged in crop production (cultivates 20,000 hectares of land), processing, flour and biofuel production.

The co-owner of the KSG Agro agricultural holding is Serhii Kasianov.