OREANDA-NEWS. November 14, 2011. The net assets of the holding for 9 months of this year increased by 4,5 times by USD 49 975 thousand over the same period last year. The total assets of the company increased by 2,9 times by USD 64 040 thousand, and the profit of the agricultural holding increased by 2 times by USD USD 9 235 thousand compared to last year and is USD 18 302 thousand.

During the nine months of 2011 the company increased its land bank from 26.5 thousand hectares to 52.9 thousand hectares by acquiring eleven new companies. It is planned to enlarge the landbank under KSG agro control up to 70 000 hectares till the end of the year.

Sales increased by 27% to USD 11 923 thousand.

As was announced earlier, company continued to develop its live-stock program and in connection with that it obtained control over large livestock-breeding complex, which was under valuators’ review at signing date. But due to the valuation results, it should add at least USD 5 mln of the gain on acquisition to the annual profit due to commercially effective deal.

Thus, according to revised prognoses, the company’s profit in 2011 will be around USD 27 mln.