Mriya posts net income of USD 123 mln in 1H11, down 2% y-o-y

Mriya Agroholding (FSE: MAYA GR, N/R), an Ukrainian agricultural company with a 240 ths ha landbank, posted 1H11 revenue of USD 45.3 mln (vs. USD 5.2 mln in 1H10), according to unaudited UAS financials released on Friday. The net gain on change in fair value of biological assets amounted to USD 134.6 mln (down 2% y-o-y). Net profit for the period amounted to USD 122.8 mln, down 2% y-o-y. The company is planning to hold a conference call with management tomorrow, September 13; for more details visit www.mriya.ua/en.