KSG Agro released 2011 results
2012-04-25 14:32:33
Agro holding KSG Agro S.A. released 2011 annual results with company’s unaudited revenue reaching USD 34.7 M, a 2.2 times increase compared to the same period last year. Company’s EBITDA reached USD 30.8 M. Company beat its own fall forecast of USD 31.07 M revenue and USD 29.79 M of EBITDA. Market reacted to the news immediately with an increase of 2.27% of share price and pickup in trading volume to 13 851 shares per Tuesday trading session.
AgroInvest comment: Company’s financial results are expected to further increase in 2012 as company owns one of the most demanded asset type in Ukraine: elevators, which will be used not only to satisfy company’s own need in storage capacity but also for additional source of income.
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