KSG Agro: net profit up 4.6 times
16 August 2019
KSG Agro, a Ukraine-based agroholding, reports a net profit of $ 5.5 million in the first half of 2019, a 4.6 times increase as compared to 2018. Operation profit rose 16% to $ 1.34 million, while gross profit increased 4.5 times to $ 5.48 million. Since late 2018, KSG Agro has managed to reduce its debt burden from $ 44,3 million to $ 31,8 million. Further debt restructuring remains the company’s key objective in 2019.