In 2023, the KSG Agro agro-industrial company (Dnipropetrovsk Region) reduced its loss by 31%, or USD 0.52 million, to USD 1.161 million compared to 2022.
The company has said this in a statement, the Ukrainian News agency reports.
At the same time, last year the company increased its revenues by 16%, or USD 2.584 million, to USD 18.786 million compared to 2022.
The company ended 2023 with a negative EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 0.398 million (in 2022, the company's EBITDA was USD 1.793 million).
As the Ukrainian News agency earlier reported, in 2022 KSG Agro received a loss of USD 1.681 million against a profit of USD 17.706 million in 2021.
At the same time, in 2022 the company reduced its revenues by 47.3%, or USD 14.544 million, to USD 16.202 million compared to 2020.
KSG Agro was established in 2001, the enterprises included in it are located in the Dnipropetrovsk and Kharkiv Regions.
The company is developing the pig-breeding sector, is engaged in plant growing (cultivates 20,000 hectares of land), processing, production of flour and biofuel.
Serhii Kasianov is the co-owner of KSG Agro.
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