Verde Agritech plc Provides Earnings Guidance for the First, Second, Third, Fourth Quarters and Full Year of 2022 and Full Year 2023
January 10, 2022 at 06:00 am EST
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Verde Agritech Plc provided earnings guidance for the first, second, third, fourth quarters and full year of 2022. For the first quarter of 2022, the company expected sales of 115,000 tonnes, revenue of $10,070,000 and EPS of $0.02.
For the second quarter of 2022, the company expected sales of 200,000 tonnes, revenue of $21,954,000 and EPS of $0.18.
For the third quarter of 2022, the company expected sales of 250,000 tonnes, revenue of $27,228,000 and EPS of $0.25.
For the fourth quarter of 2022, the company expected sales of 135,000 tonnes, revenue of $13,011,000 and EPS of $0.06.
For the full year 2022, the company expected sales of 700,000 tonnes, revenue of $72,263,000 and EPS of $0.50.
For the year 2023, Verde's sales volume target is 1.4 million tonnes. This target represents a potential 100% growth Year-on-Year.
Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multinutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their cropsâ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is located in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.
VERDE AGRITECH LIMITED 
