Adecoagro S.A. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
March 13, 2019
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Adecoagro S.A. announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of $213,570,000 compared to $261,981,000 a year ago. Sales of goods and services rendered was $243,009,000 compared to $275,569,000 a year ago. Loss from operations before financing and taxation was $6,852,000 compared to profit of $48,123,000 a year ago. Loss for the period was $4,255,000 compared to profit of $5,440,000 a year ago.
For the full year, the company reported net sales of $770,196,000 compared to $898,791,000 a year ago. Sales of goods and services rendered was $793,239,000 compared to $933,178,000 a year ago. Profit from operations before financing and taxation was $156,497,000 compared to profit of $129,588,000 a year ago. Loss for the period was $23,233,000 compared to profit of $14,975,000 a year ago.
Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops, rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. Its manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company's land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land.
ADECOAGRO S.A. 
