AgroGeneration Reports Earnings and Production Results for the Full Year Ended December 31, 2016
April 21, 2017 at 02:17 pm EDT
AgroGeneration reported earnings and production results for the full year ended December 31, 2016. For the year, revenue was 60,263,000 against 58,861,000 a year ago. Operating profit was 11,777,000 against 11,406,000 a year ago. Net profit was 888,000 against 7,928,000 a year ago. EBITDA was 19,382,000 against 19,941,000 a year ago. Net debt was 39,835,000 against 35,487,000 a year ago. Net operating cash flow totaled 8.8 million, despite an inventory-driven increase in working capital at year-end, and covered nearly the financial interest expenses of 9.2 million. In addition, the company made capital expenditures of 3 million in 2016, including the payment for the newly acquired 39,000-ton silo for 0.7 million.
In 2016, the company produced 387,200 tons of grain and oilseed compared to 376,300 in 2015, over the same sown area (109,000 ha).