Verde Agritech Plc Provides Sales and Earnings Guidance for the First, Second, Third, Fourth Quarter and Fiscal Year 2022
March 22, 2022 at 07:02 am
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Verde Agritech Plc provided sales and earnings guidance for the first, second, third, fourth quarter and fiscal year 2022. For the first quarter, the company's sales target to be 115,000 tonnes.
For the first quarter, the company's Revenue to be $10,070,000 and EPS of $0.02.
For the second quarter, the company's Sales target to be 200,000 tonnes.
For the second quarter, the company's Revenue to be $21,954,000 and EPS of $0.18.
For the third quarter, the company's Sales target to be 250,000 tonnes.
For the third quarter, the company's Revenue to be $27,228,000 and EPS of $0.25.
For the fourth quarter, the company's Sales target to be 135,000 tonnes.
For the fourth quarter, the company's Revenue to be $13,011,000 and EPS of $0.06.
For the year, the company's Sales target to be 700,000 tonnes.
For the year, the company's Revenue to be $72,263,000 and EPS of $0.50.
Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their cropsâ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.
VERDE AGRITECH LIMITED 
