Agroliga Group PLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Full Year 2013
Agroliga Group PLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net profit of 327,000 on revenue from sale of 1,851,000 compared to net profit of 60,000 on revenue from sale of 2,741,000 a year ago. Profit from operating activities was 383,000 compared to 136,000 a year ago. Revenue in the first quarter is slightly less, than year before, because of quite low inventories of agriculture production, which was not sold in 2012.
The company expects revenue from sales 13,626,100 and net profit of 2,564,800 for the full year 2013.