In the first quarter of 2022, KSG Agro increased net profit by 2.5 times, EBITDA – by 10%

In the first quarter of 2022, KSG Agro Holding increased its net profit by 2.5 times to $1.82 million and EBITDA by 10% to $1.52 million. This was reported by the company’s press service with reference to the annual report of the holding published on the Warsaw Stock Exchange.
In the first quarter of 2022, KSG Agro Holding increased its net profit by 2.5 times compared to the first quarter of 2021: from $0.75 million to $1.82 million, EBITDA increased by 10%: from $1.39 million up to $1.52 million.
KSG Agro also increased its gross profit by 12% from $1.26 million to $1.41 million, operating – by 10% – from $1.01 million up to $1.12 million.
The dynamic increase in the KSG Agro’s financial performance is due to the increase in the efficiency of the agricultural holding in the pig segment. Among the most important factors there are the renewal and increase of sows of Canadian genetics Genesus by 200 heads, as well as improving the quality of feed, which led to an increase in the number of offspring by almost 30%.
“During the war we need to work better, produce more to actively help our army and medicine with the products, supply meat to retail chains, – comments the chairman of the Board of Directors at KSG Agro Sergiy Kasianov, – What we do, because we are talking about food security. Further increasing production is a cornerstone of our wartime strategy.”
According to the Report, KSG Agro continues to implement a development strategy during the war, focusing on the cultivation of three winter and two spring crops and pig farming. The products of the agrarian group are basic foodstuffs and are always in demand, with a particularly high demand for them in wartime.
It will be recalled that in the first quarter of 2022, KSG Agro increased the number of pigs by 17.6% compared to the same period in 2021: from 46.4 thousand to 54.5 thousand heads. At the same time, the number of offspring during the same period increased by 28.1%: from 25.2 to 32.3 thousand heads.