Economy 2024-03-15T05:12:42+02:00
Ukrainian news
KSG Agro Cuts EBITDA 2.7 Times To USD 2.7 Million, Cuts Revenues 2 Times To USD 10.2 Million

KSG Agro Cuts EBITDA 2.7 Times To USD 2.7 Million, Cuts Revenues 2 Times To USD 10.2 Million

EBITDA, KSG Agro
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In the first nine months of 2022, the KSG Agro agro-industrial company (Dnipropetrovsk region) decreased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) 2.7 times or by USD 4.627 million year over year to USD 2.724 million.

The company has said this in a statement, Ukrainian News Agency reports.

The company ended this period with a net profit of USD 96,000, which is 180 times, or by USD 17,188 million less than in the nine months of 2021.

At the same time, the company's revenues in January-September 2022 decreased twice, or by USD 10.714 million, to USD 10.226 million compared to the same period in 2021.

For the nine months compared to the same period last year, the volume of production and sales of pigs in the physical dimension increased by 37% to 56,200 heads.

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.

Больше новостей о: EBITDA KSG Agro


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