Authorization

Largest Ukrainian agricultural holding halves net loss in 2016 - Report

Largest Ukrainian agricultural holding halves net loss in 2016 - ReportUkrlandfarming, the largest agricultural holding in terms of a land bank, halved net loss in 2016, to $175.25 million.

This is reported by Interfax-Ukraine.

According to a company report, revenue grew by 2.3%, to $958.94 million, operating profit soared by 3.2 times, to $100 million, while gross profit decreased by 33%, to $191.59 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 33%, to $162.3 million.

Total assets last year narrowed to $2.07 billion from $2.22 billion in 2015.

Net debt totaled $1.59 billion late 2016 compared to $1.54 billion in 2015.

Net debt/EBITDA ratio grew from 6.34 in 2015 to 9.79 in 2016.

In 2016, the holding revised conditions for 15 credit agreements with five banks.

The company's board does not recommend paying dividends for 2016.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2018    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031