01.09.2015, 13:49
KSG Agro published a report for the 1st half of 2015
OREANDA-NEWS. According to the result of the first-half 2015, the consolidated revenue was \\$ 5.1 million versus \\$ 8.1 million for the same period in 2014. Net loss, taking into account exchange rate differences (NON CASH) in the first half of 2015 amounted to \\$ 3.8 million.
EBITDA increased by 2.6 times from \\$ 2.4 million (1st half of 2014) to \\$ 6.2 million (1st half of 2015). Profit, excluding exchange rate differences, amounted to \\$ 3.2 million for the 1st half of 2015 versus \\$ 6.5 million loss for the 1st half of 2014.
“At this difficult time, we have focused on operational activities, their efficiency and cost reduction. Positive results give us confidence that we are on the right track”, – notes KSG Agro General Manager Sergey Mazin.
EBITDA increased by 2.6 times from \\$ 2.4 million (1st half of 2014) to \\$ 6.2 million (1st half of 2015). Profit, excluding exchange rate differences, amounted to \\$ 3.2 million for the 1st half of 2015 versus \\$ 6.5 million loss for the 1st half of 2014.
“At this difficult time, we have focused on operational activities, their efficiency and cost reduction. Positive results give us confidence that we are on the right track”, – notes KSG Agro General Manager Sergey Mazin.
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