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18 June 2021

Ristone Holdings paid $6 million in taxes in 2020

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Ristone Holdings, a Ukraine-based agroholding, reports to have paid $5.9 million in taxes in 2020. In particular, the payments included contributions to pension fund, VAT, income tax, military duty tax and flat tax. Ristone Holdings operates 60,000 hectares of farmland in the Dnipropetrovsk region, four bread factories, three grain elevators, and...

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18 June 2021

Milkiland moved its headquarters from the Netherlands to Cyprus

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Milkiland, a large-scale dairy producer with operations in Ukraine and Russia, reports to have transferred its headquarters from the Netherlands to Cyprus. From now on, the agroholding is officially represented and managed by a Cyprus-based Milkiland Public Company Limited. Also, Milkiland has postponed the publication of its financial results for...

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16 June 2021

Cresud sold land plot

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Cresud, an Argentina-based company engaged in large-scale agricultural and real estate business, has lately sold a land plot of 2,440 hectares in the Entre Ríos Province of Argentina, of them 1,950 hectares of farmland. The land was operated by Cresud’s subsidiary, San Pedro farm. The worth of the transaction was $8.6 million. As a result of the...

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15 June 2021

Rusagro launched mayonnaise plant

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Rusagro, a Russia-based agroholding, has launched a mayonnaise plant in the Saratov region on the premises of a reconstructed oil extracting plant. The annual production capacity of a newly launched plant is 120,000 tonnes of mayonnaise. The worth of the project was $27.7 million. In the nearest future, Rusagro plans to raise the facility’s...

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11 June 2021

Ristone Holdings generated $11 million of net profit in 2020

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Ristone Holdings, a Ukraine-based agroholding, posted net profit of $10.8 million for 2020. The company's EBITDA for the period amounted to $23 million, and the total debt was $16.9 million. Accordingly, the Debt/EBITDA ratio stood at 0.7. Ristone Holdings operates 67,000 hectares of farmland in the Dnipropetrovsk region and is engaged in crop and...

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10 June 2021

Talina Group to continue expanding farmland area

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Talina Group, Russian large-scale agricultural producer with major operations in Mordovia Republic, plans to expand its farmland area up to 300,000 hectares until 2025. Lately, the company has taken over 23,800 hectares of abandoned farmland of a bankrupt agroholding Santimir in the nearby Nizhny Novgorod region. These areas were either acquired or...

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10 June 2021

MHP paid $44 million in taxes in Q1 2021

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MHP, Ukraine’s largest poultry producer, reports to have paid $44.4 million in taxes to the budgets of all types in Q1 2021. In particular, over $20.5 million were paid to the state budget, while local budgets in the regions of MHP’s operations received nearly $14 million. About $ 10 million were paid by MHP in a single social contribution.

In...

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31 May 2021

SibAgro to keep expanding farmland operations

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SibAgro, a Russia-based agroholding, wants to increase its farmland area up to 300,000 hectares until 2023. In the long-term perspective, the company plans to reach the size of 600,000 hectares. Initially a meat producer, SibAgro has started gaining farmland scale in 2019. Back then, the company had 12,000 hectares under operation. Currently,...

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28 May 2021

Cherkizovo: net profit up 120% in Q1 2021

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Cherkizovo, Russia’s large-scale meat producer, has reported net profit of $88.4 million in Q1 2021, a 120%-increase as compared to the same period last year. Revenue rose 10.4% to $454.2 million due to the rising prices for poultry. In particular, Cherkizovo has raised the average selling price of broiler meat 22% to $1.7 per kilo in Q1 2021, as...

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27 May 2021

Special issue of International Food and Agribusiness Management Review (IFAMR) on agroholdings published

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LaScalA Project is glad to announce that the special issue of International Food and Agribusiness Management Review (IFAMR) on agroholdings and mega-farms is out! The issue includes eight articles covering the topics of large farms’ acquisition behavior, growth, financial performance, corporate governance and CSR in the empirical contexts of...

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