Ovostar Union posts $20 million net loss in 2019

29 April 2020

Ovostar Union, a Ukraine-based publicly listed agroholding, reported net loss of $20 million in 2019, as compared to profit of $17.4 million a year earlier. At the same time, the company’s revenue decreased 16% to $104.65 million. Gross loss amounted to $6.3 million, and operating loss was $19.42 million in 2019. EBITDA declined to a negative value of $15.5 million against a positive value of $21.9 million in 2018.

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