Interim information of Agrowill Group AB for the 6 months period ended 30 June 2016
Agrowill Group, AB provides the Interim unaudited financial information for the six months ended 30 June 2016 and confirmation of the responsible persons (attached).
The total consolidated revenue of Agrowill Group, AB for the first half-year of 2016 was EUR 18.07 million. For the same period of 2015 the total consolidated revenue of the company was EUR 16.75 million. The increase of revenue was influenced by higher sales of mushrooms and grain (previous year’s remaining harvest).
Profit of mushroom and compost sales has increased.
Ongoing global overproduction of milk resulted in still decreasing milk purchase prices which negatively affected the result of dairy activity.
The result of the six months period of 2016 of crop growing has increased comparing to the same period of last year due to profitable sale of previous year’s remaining harvest.
In total, the Group’s profit increased by 5%.
For the six months period of 2016, EBITDA of Agrowill Group, AB has reached EUR 4.7 million. During the same period last year Agrowill Group’s EBITDA was EUR 4.4 million.
Net profit for the six months of 2016 was EUR 1 million. During the same period last year net profit was EUR 1.7 million.
Net profit for the half-year of 2016 was lower comparing to the half-year of 2015 due to profitable one-off sales of investment assets- agricultural land, which took place in 2015.
Vladas Bagavičius
Member of the Board;
+370 5 233 53 40
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