Agromino reports net profit of $ 5.5 million
02 December 2019
Agromino, a Denmark-based agroholding with operations in Estonia, Russia and Ukraine, reported net profit of $ 5.5 million in January-September 2019, compared to net loss of $ 7 million in the same period last year. Revenue rose 1.5 times to $ 24.7 million while EBITDA increased from negative $ 4.7 million to positive $ 9.9 million. So far, Agromino operates 44,180 hectares of farmland and three grain elevators. The company is also engaged in dairy production.