Agrogeneration posted net loss of $19.5 million in 2019
30 June 2020
Agrogeneration, a Ukraine-based agroholding, reported that its net loss doubled to account for $ 19.5 million in 2019. Meanwhile, the company’s EBITDA declined from positive $ 6.35 million to negative $ 1.35 million, and gross profit of $ 7.3 million changed into gross loss of $ 658,000. Operating loss comprised $ 22.3 million. At the same time, revenue rose 10% to $ 34.4 million in 2019 as compared to 2018. Agrogeneration operates 58,000 hectares of farmland and is engaged in grains and oilseeds production.