Trigon Agri net loss increased
According to the official report Trigon Agri company total revenue, other income, fair value adjustments and net changes in inventory amounted to EUR 9.6 million (EUR 10.2 million in 1Q 2013).
EBITDA was a loss of EUR 2.1 million (loss of EUR 2.3 million in 1Q 2013).
The Net loss was EUR 11.2 million compared to loss of EUR 7.2 million in 1Q 2013. The net result includes EUR 5.3 million of exchange rate losses.
The consolidated assets as of March 31, 2014 amounted to EUR 198.1 million (EUR 185.2 million at December 31, 2013).
According to Trigon Agri’s Founder and Chairman of the Board, Joakim Helenius, the continued political uncertainty in Ukraine has not impacted Trigon Agri’s business in a major way. The sharp drop in the value of the Hrivna will not impact company operating results in a major way as its income is dollar denominated.
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