Agrocomplex: revenue up 24% in H1 2020
04 August 2020
Agrocomplex, one of Russia’s leading raw milk producers, reported on its financial results in the first half of 2020. In H1 2020, the company increased its revenue 24% to $702.6 million, as compared to H1 2019. Gross profit grew 52% to $81.5 million while net profit reached $8.2 million.
Also, Agrocomplex produced 162,500 tonnes of raw milk in H1 2020, a 20% increase as compared to the same period last year. The key driver behind this result is the efficiency growth of milking cows: the company plans to reach the output of 90 tonnes of raw milk per cow until the end of 2020.