Adecoagro: net profit down 33% in Q3 2020
19 November 2020
Adecoagro reports net profit of $20.2 million in Q3 2020, a 33% decrease as compared to Q3 2019. Total adjusted EBITDA reached $102.2 million, a 9.2% increase that was driven mainly by a 54.5% increase in the company’s farming segment as compared to the same period last year. Net sales remained unchanged and equalled $232.3 million in the reporting period. Also, Adecoagro increased its farmland area under operation by 5,568 hectares up to 237,806 hectares, as compared to Q3 2019.