OREANDA-NEWS. KSG Аgro has published management account figures for 6 months 2013. The Group’s sales revenue increased by 79% to USD 13,751 thousand comparably to USD 7,677 thousand for the first half of 2012. The Group’s result from operation activities rose to USD 14,305 thousand comparably to USD 10,471 achieved in the same period in 2012. The Group’s net profit increased by 39% to USD 11,452 thousand. The total assets of the company were higher by 30% and improved to USD 264,744 thousand.

 “We expect much better results in 2013 than in the previous year. By the end of this year, we plan to enlarge our land bank by 20-25 thousand hectares and reach a total area of 120 thousand hectares. Our strategy assumes enlargement of land bank to 200 thousand hectares by the end of 2016 and an increase in the coverage of our artificial irrigation system, which will translate into better yields. We also want our pig breeding complex to reach its full production capacity in 2016, accommodating 240 thousand hogs and producing 26 thousand tons of meat per year. Around 4,500 of sows were delivered to the complex.” – said Sergiy Kasianov, the Head of the Board of Directors of KSG Agro S.A.

 Total area of agricultural land leased by the Group is now over 96 thousand hectares, including 65 thousand hectares of arable land. KSG Agro collected 120.2 thousand tons of spring crops, which is 2 times higher than in 2012. It was harvested 32.4 thousand tons of rapeseed, 65.8 thousand tons of wheat, 18.8 thousand tons of barley and 3.2 thousand tons – other crops. 2013 yields by cultures are higher than last year: rapeseed – 51% higher, wheat – 28% higher, barley – 75%.