Agriculture, Lithuania, Markets and Companies

According to the pre-audited data, the net profit of the company increased by 30% in July-December 2009 compared with the same period in 2008. In the first six months of the 2009-2010 financial years the pre-audited revenues from the sales of Linas Agro Group totaled 554.35 million litas (160.37 million Euros), a fall of 26% compared to the same period in 2008-2009. The company's profit before interest, taxes, depreciation, and amortization (EBITDA) stood at 38 million litas (10.99 million Euros), a growth of 5% year-on-year.

Currently, Linas Agro Group is carrying out an initial public offering of shares. Investors are offered to buy over 55.6 million shares of the company which accounts for 35% of the authorized capital of Linas Agro Group. The raised capital will be allocated for further development and export growth of Linas Agro Group.