UkrLandFarming increased net profit by 40%
According to the official presentation of the agricultural holding UkrLandFarming, following the results of 2013 MY, company net income increased by 39 % - to $ 754 mln compared to 2012.
Revenues for the period increased by 10% to $ 2 bln, operating profit - by 37% to $ 925 mln, gross profit - by 7% to $ 799 mln.
EBITDA for 2013 increased by 6% to $ 842 mln compared to 2012.
The company estimates that its total debt by the end of 2013 amounted to $ 1.676 bln
UkrLandFarming notes that revenue in the segment of crops by the end of 2013 increased by 32% to $662 mln, in the segment of seed production - by 5% to $113 mln, in the sugar sector - by 6% to $ 130 mln, eggs sector - by 32% to $ 661 mln, meat and milk - by 6% to $ 133 mln, distribution sector- by 18% to $ 367 mln
During the financial year UkrLandFarming increased crop yields (excluding sugar beet) in comparison with 2012 by 56.2 % to 4.112 mln tonnes
The company also increased its production of meat and milk. In particular, milk production increased by 39.5% to 102 thousand tonnes of meat - 22.7% to 19.2 thousand tonnes.
Eggs segment also showed growth: egg production increased by 11.6% compared to 2012 - up to 7.019 bln units. In 2013 UkrLandFarming exported 1.26 mln tonnes of grain through its own company - trader.
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