Agroliga: net profit up 17% in 2019
25 March 2020
Agroliga, a Ukraine-based group of companies with 10,000 hectares under operation in the Kharkiv region, reported net profit of $7.3 million in 2019, a 17%-increase as compared to 2018. Meanwhile, revenue rose 2.3 times to $54.6 million, and gross profit increased 75% to $11.5 million. EBITDA rose 60% to $12.1 million. In 2019, Agroliga’s net debt doubled to $23.2 million as compared to 2018. Agroliga is engaged in crop, dairy and oil production.