Ukraine: KSG Agro sustains losses
The KSG Agro agricultural holding sustained the net loss at the amount of 18.9 mln USD in the first half of the current year as opposed to the net profit of $11.5 million in January-June, 2013.
According to the report, the company's revenue for the period reduced by 40.7% - to 8.2 mln USD. The company's operating loss totaled 1.2 mln USD in the first half of 2014 as opposed to 15.5 mln USD of the operating profit for the same period in 2013.
Considering the exchange rate the comprehensive loss totaled nearly 43 mln USD in the period of January-June, 2014.
KSG Agro is a vertically integrated company, operating in all the segments of the agricultural market, including the production, storing, processing and realizations of agricultural commodities. The company's assets are located in Khmelnytskiy, Dnipropetrovsk, Kharkiv and Kherson oblasts.
You should be authorized to post comment
APK-Inform and Interlegal updated the program of "Grain Forum & Maritime Days 2016"
April 29, 11:40
Ukraine reduced the production of flour from alternate crops
April 28, 09:55
Ukraine exported over 33 mln tonnes of grains - Ministry of Agrarian Policy
April 27, 17:30
Ukraine to take the second position for agricultural products exports, following the USA
April 27, 17:00
Ministry of Agrarian Policy of Ukraine to actively apply the best agrarian practices of the USA and European countries
April 27, 14:25
Early bird fee for participation in VegOils & Meals–2016 until the end of April
April 27, 13:25
Efficiency of the agricultural complex of Ukraine is one of the major priorities for the Cabinet of Ministers
April 27, 12:10
Ukraine planted early spring grains throughout 2.4 mln ha – Ministry of Agrarian Policy
April 27, 10:30