The Kazakh national holding KazAgro received KZT 6.87 billion ($ 18.2 million) of net profit in the first half of 2018 against the loss of KZT 46.197 billion ($ 122.8 million) in the same period of 2017. The company's revenue from sales of goods and services increased by 90% and amounted to KZT 12.833 billion ($ 34.1 million). Net loss from...

Milkiland Ukraine, one of the leading dairy producers in Ukraine, posted a net loss of € 2.52 million ($ 2.9 million) in the first half of 2018, compared with € 1.57 million ($ 1.8 million) of net profit in H1 2017. The company’s revenue for the same period dropped by 11% from € 74.44 million ($ 86.3 million) to € 66.15 million ($ 76.5 million)....

Agroton, an agroholding engaged in crops, meat and milk production in eastern Ukraine, reported $ 11.8 million of net profit in the first half of 2018, an increase of 47% over the result of the same period of 2017. The company’s revenue for increased from $ 16.5 million to $ 16.6 million. The net financial income for the first half of 2018...

BrasilAgro announced at the beginning of this week to have leased 23,500 hectares in São Félix del Araguaia. The lease term has duration of 10 years and, with this, BrasilAgro plans to expand its production on leased land. For the 2017/2018 harvest, the company planted 103,000 hectares, of which 26% were leased. The company's...

Cherkizovo Group will buy Altaiskiy Broiler, the largest poultry factory in Altai Krai, from Prioskolie Group. The structure of the vertically integrated complex includes a hatchery with a production capacity of 48 million eggs a year, a feed mill, four feeding grounds and a poultry slaughter and processing plant in Biysk.The cost of the poultry...

Astarta-Kyiv, a leading Ukrainian producer of sugar, crops, milk and meat is to increase its storage capacities. In 2015, the agroholding set up an investment project on constructing grain elevators named Astarta Grain. The total capacity of new elevator facilities is expected to reach 500,000 tonnes. As of today, 70% of the project has been...

Two years after the insolvency of the Germany-based group of agricultural companies KTG-Agrar, the district court of Hamburg is dealing with claims for damages in a civil case against former board members and supervisory board members. Insolvency manager, Stefan Denkhaus, has filed a lawsuit worth € 189 million ($ 219 million) against eight...

Ovostar Union, a leading Ukrainian egg producer, declared a net profit of $ 10.4 million in the first half of 2018, 2.7 times more than in H1 2017. The company’s revenue increased to $ 63.46 million, 1.7 times up from the equivalent figure of 2017, and the gross profit grew by 100 % to $ 17.67 million. The company’s EBITDA jumped 100 % reaching $...

The fourth largest broiler meat producer in Russia, Belaya Ptica, is on the verge of bankruptcy. Central Bank of Russia is to file a lawsuit against the agroholding to adjudge it bankrupt. According to the head of Trust Bank Aleksandr Sokolov, the total debt of Belaya Ptica amounts to RUB 26 billion (US $ 382.6 million). Therefore, the agroholding...