Revenue of "Agrocomplex named after N. I. Tkachev" for the first half of the year increased to 6 billion rubles
Gross profit for the first half of 2020 amounted to 6 billion rubles, which is higher than the plan by 59% (2 billion rubles), and the same indicators of the previous year – by 52% (2.2 billion rubles). "The increase in gross profit was due to an increase in prices for manufactured products, an increase in sales", Fedoseyev explained.
In addition, for the first half of 2020, the company reached a net profit of 0.6 billion rubles. "In general, “Agrocomplex” shows an increase in its main financial indicators both in relation to the planned indicators and in comparison with the actual indicators for the same period in 2019. There is a steady growth in gross profit, operating profit, EBITDA and net profit", said the commercial Director of the agricultural holding.
In addition, according to him, the gross yield of the company increased to 162.5 thousand tons in the first 6 months of 2020, which is 27.5 thousand tons more than in the same period last year. "The expected gross yield for 2020 is 317.6 thousand tons, which is 46.3 thousand tons more than last year. The average annual number of forage-fed cows for the 1st half of 2020 was 35 thousand heads. The main factor in the growth of production was an increase in milk yield per 1 forage-fed cow, which at the end of the year will be 9000 kilograms, which is 1300 kilograms (17%) more than in 2019", Fedoseev added.
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