By KYIV. Nov 15 (Interfax-Ukraine) – The Agroliga Group of Companies (Kharkiv region) in January-September 2022 reduced its net profit by 98.5% compared to the first nine months of 2021, to EUR 92,000, its revenue decreased 30%, to EUR 33.04 million.
According to the consolidated report of its holding company Agroliga Group PLC (Cyprus) on the Warsaw Stock Exchange on Tuesday, the gross profit of Agroliga for the specified period dropped by 8.7%, to EUR 6.59 million. At the same time, the holding saw EUR 3.19 million in operating loss versus EUR 5.83 million in operating profit for the same period last year.
As of September 30, 2022, the assets of Agroliga grew by 1.6% compared to the same date in 2021, to EUR 69.06 million, current debt liabilities by 28.8%, to EUR 28.43 million, noncurrent liabilities rose by 4.2%, to EUR 6.52 million.
At the same time, the report does not contain any information about the activities of the agricultural holding in the conditions of the military invasion of the Russian Federation in Kharkiv region. Earlier, in March, Agroliga reported that part of its assets was occupied by Russian troops, which is why economic activity in the places of hostilities was paralyzed.
In April, the agricultural holding said that it had not started sowing work on the fields occupied by Russia. At the same time, in the territory controlled by Ukraine, the sowing campaign is carried out in accordance with a previously drawn up plan. The oil extraction plant of Agroliga and the power plant remained in the controlled territory and are operating normally.
