In 2022, the KSG Agro agro-industrial company (Dnipropetrovsk Region) decreased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) 5.5 times or by USD 8.144 million year over year to USD 1.793 million.
This follows from the company’s report, Ukrainian News Agency reports.
At the same time, the company's revenues in 2022 decreased by 47.3%, or by USD 14.544 million, to USD 16.202 million year over year.
The company ended this period with a loss of USD 1.681 million against the profit of USD 17.706 million in 2021.
As Ukrainian News Agency earlier reported, in the first nine months of 2022, KSG Agro 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 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.
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.
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