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Grain Alliance posts net profit for 2020

04 August 2021

Grain Alliance, a Ukraine-based agroholding operating 57,000 hectares of farmland, reports to have received around $5.5 million of net profit in 2020, as compared to net loss of $2.6 million a year earlier. The company’s gross profit grew 63% to $24.8 million, and operating profit rose 137% to $17.6 million within the same period. Meanwhile, revenue decreased 30% to $52.7 million in 2020, as compared to 2019.

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