AgroGeneration Announces Earnings Results for the First Half Ended June 30, 2016
AgroGeneration announced earnings results for the first half ended June 30, 2016. For the period, the company reported revenue of EUR 3,828,000 compared to EUR 3,082,000 a year ago. Operating profit was EUR 4,119,000 compared to EUR 6,148,000 a year ago. Net profit was EUR 233,000 compared to loss of EUR 5,410,000 a year ago. EBITDA was EUR 5,801,000 compared to EUR 8,364,000 a year ago. As at June 30, 2016, the company’s net debt of EUR 44,796,000 compared to EUR 46,314,000 a year ago. Capital expenditure in first half of 2016 totaled EUR 1.7 million compared to EUR 1.2 million in first half of 2015.