Світові ціни на продовольство у квітні знизилися на 9,6% порівняно з минулим роком, повідомляють у щомісячній доповіді ФАО
KSG Agro revenue surges 78% in 1Q13
Farming company KSG Agro reported a 78% yoy increase in 1Q13 revenue to USD 8.18 mln. The company's operating profit advanced 53% yoy to USD 3.66 mln and operating cash flow (before working capital changes) improved 2.3x yoy to USD 1.69 mln. The nearly tripled financial costs restricted the company's profit growth to only 2% to USD 1.82 mln.
Alexander Paraschiy: Due to the long operating cycle of the farming business, KSG Agro's 1Q financials do not provide any insightful information. Still, the company's recent updates on the good condition of its winter sowing, its crop survey that hints at an above-average harvest this year, as well as an expected increase in its sowing area by up to 40%, all suggest that KSG has all the chances to show triple-digit yoy growth in its financials this year.
On top of that, we look forward to seeing in the coming quarters the first operating results from KSG's reconstructed pig farm, as well as a yet-to-be commissioned energy pellet facility. We continue to regard KSG Agro as one of the top growth stories in the Ukrainan investment universe.
Источник: Конкорд Капитал
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