KSG Agro reports reviewed 1H12 financials

KSG Agro (KSG PW) reported its official 1H12 financials, which were broadly in line with preliminary data made public last week. Revenue tripled yoy to USD 7.7 mln (no changes vs. last week’s data). The company noted that processed food was the main top-line driver: its sales accounted for 55% of total 1H revenue. KSG Agro’s 1H12 EBITDA, including IAS 41 gains, fell 25% yoy to USD 14.5 mln (up from preliminary data of USD 13.9 mln). Net of IAS 41 gains, EBITDA grew 42% yoy to USD 3.0 mln, by our estimates. The company’s bottom line fell 56% yoy to USD 8.3 mln  – a decrease compared to preliminary data of USD 9.0 mln.