Landkom increases it harvesters fleet 1.5x
30 June 2011
Landkom International (AIM: LKI LN) leased 11 harvesters, thereby increasing its vehicles fleet to 32 harvesters, according to the company’s press release on Wednesday. Landkom also entered into an agreement to acquire 34 more grain harvesters in the future to reduce its dependence on rented equipment during harvesting campaigns. Landkom’s net loss for the year ended October 31, 2010 was USD 11.76 mln; revenues for the period reached USD 16.8 mln.
