Site Error was encountered. Contact the Administator

Site Error was encountered

Severity: Notice

Message: Undefined index: HTTP_ACCEPT_LANGUAGE

Filename: views/header.php

Line Number: 2

«AgroInvest» — News — 

Agroliga reviewed own forecasts

2011-11-15 17:03:30

The Board of Directors of Agroliga Group PLC announced that the company has reviewed its financial forecasts for 2011 due to lower results for the 3 Quarter of 2011. In accordance with the prognoses published in the Information Document forecasted earnings of the Company for the year 2011 were given in the following amounts:

- projected revenues from sales and equivalents for the year 2011 10 228,60 thousand euro

- projected net profit for the year 2011 = 1931,70 thousand euro

The Board of Directors estimate that indicated level of Revenues and net income will not be fulfilled in the year 2011 and re-evaluate forecasts as follows:

- projected revenues from sales and equivalents for the year 2011 = 6 204,75 thousand euro

- projected net profit for the year 2011 = 1 540,05 thousand euro

The primary reason for revision of the forecasts of the Company's financial result is a delay in the delivery and installation of new line of sunflower refinery. It was assumed in financial projections that new line will start working in August, which would increase significantly capacity to process sunflower seeds into sunflower oil. The implementation of new line wasn't finished till November, 11-th, what will affect the results achieved by the Company in 2011.

 

 

UAIndex