KSG Agro ups EBITDA by 67% to USD 4.5 million, ups revenues by 16% to USD 11.9 million in 9M, 2023

In the first nine months of 2023, the KSG Agro agro-industrial company (Dnipropetrovsk Region) increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 67% or by USD 1.8 million year over year to USD 4.5 million.

This follows from the company’s financial report, Ukrainian News Agency reports.

The company ended this period with a net profit of USD 1.336 million, which is 14 times or by USD 1.24 million more than in the first nine months of 2022.

At the same time, the company's revenues in the first nine months of 2023 increased by 16%, or by USD 1.7 million, to USD 11.9 million year over year.

As Ukrainian News Agency earlier reported, in 2022, the KSG Agro agro-industrial company decreased its EBITDA 5.5 times or by USD 8.144 million year over year to USD 1.793 million.

In 2022, the company's revenues decreased by 47.3%, or by USD 14.544 million, to USD 16.202 million year over year.

The company ended 2022 with a loss of USD 1.681 million against the profit of USD 17.706 million in 2021.

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.