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Friday, 26.04.2024, 03:11
Linas Agro net profit soars 55% in financial Q1
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Consolidated revenues rose by an annual 14.2% to 149.479 million euros, Linas Agro Group said in its first quarter report.
Revenues in Lithuania shrank by 3.7% to 34.677 million euros while revenues in Europe, excluding Lithuania, Scandinavia and CIS, rose by 25% to 76.994 million euros.
Revenues in Asia soared by 28.8% to 15.319 million euros.
Meanwhile, revenues in Scandinavia shrank by 39.1% to 11.057 million euros in in CIS countries – by 25.4% to 2.371 million euros.
The group also generated 9.061 million euros in revenues in Africa.
Linas Agro Group runs its financial year from July to June.
As of late September, Denmark’s Akola owned 55.99% of shares in Linas Agro Group, which is quoted on the blue-chip Main List of the NASDAQ Vilnius Stock Exchange.
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