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Avangard 2017 net loss down 7.5 times
29.03.2018 16:58 "Agro Perspectiva" (Kyiv) —
As of 2017 result, the net loss of the Avangard Agroholding (Ukrainian biigest egg producer) has fallen by 7.5 times - to US$ 7.5 million, Interfax-Ukraine says referring the Avangard London Stock Exchange today report.
As to the report, as of 2017, the Avangard consolidated incomes have dropped to US$ 127.9 million, down 33% against 2016 (incl. incomes from eggs/eggs products - by 45%, to US$ 36.7 million).
As to the report, despite the incomes fall, the Avangard operating loss has been reduced by 3.9 times - to US$ 3.8 million. It is to be admitted, EBITDA boosted by almost 7.9 times - to US$ 11.8 million.
Besides, Avangard admits within 2017 Oct-Dec it received US$ 13.1 million net profit (up against the 2016 similar US$17.8 million net loss). Within 2017 Oct-Dec, Avangard declined its consolidated incomes to US$ 43.7 million, up 45% against 2016 Oct-Dec, while operating profit boosted by 1.77 times - up to US$ 20.8 million (EBITDA lifted 1.08 times, to US$23.6 million).
It is to be admitted, the PJSC Agroholding Avangard is a vertically integrated holding engaged within the output of eggs/egg products; as of now, the holding is the Ukrainian domestic market biggest player.
In meanwhile, as of now, Avangard owns 19 poultry farms, 10 laying hens farms, 3 incubators, 6 mixed feed factories, 3 elevators, and the Imperovo Foods egg products plant. The company exports its ready products to the Middle East, Africa, Asia, CIS and EU.
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