Home
/
News
/

KSG Agro keeps 9M12 EBITDA flat, cuts sunflower yield 20% yoy

KSG Agro keeps 9M12 EBITDA flat, cuts sunflower yield 20% yoy

16 November 2012

Farming and food company KSG Agro reported 56% yoy growth in its top line to USD 18.6 mln in 9M12. The company’s EBITDA (including IAS-41 gains) remained broadly flat yoy at USD 19.6 mln, while net income declined 43% yoy to USD 10.5 mln in 9M12. The company’s operating cash flow before working capital changes improved to USD 2.4 mln from USD -2.1 mln in 9M11. KSG also updated its harvesting progress on its flagship crop, sunflower: its yield is 1.73 t/ha (harvested so far from a quarter of its area) – some 20% below the previous season’s result.

Alexander Paraschiy: The main takeaway from the report is the interim sunflower yield that suggests a likelihood of the crop’s total yield at 2.0 t/ha (as the company guided earlier) does not look feasible. The company’s crop yields fell 20%-50% yoy this season, which is yet to be reflected in financials for the next three quarters. We are going to revise our forecasts for KSG for 2012 and 2013 downward.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...