Half year report 2013 Agrokultura, the Russian and

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Half year report 2013

Agrokultura, the Russian and Ukrainian producer of agricultural commodities, announces its results for the six months ending 30 June 2013. Numbers in brackets relate to the six month period ending 30 June 2012. Financial highlights · Total revenue for the period ended 30 June 2013 amounted to KSEK 192,882 (176,387). · The Group reported a loss before depreciation and amortization for the period of KSEK -20,839 (profit 113,442). Net loss was KSEK -76,905 (net profit 33,322). · Net asset value per share at 30 June 2013 was SEK 8.20 per share (SEK 10.14) and loss per share amounted to SEK -0.55 (profit SEK 0.25). · On June 30 2013, Group debt, incorporating lease financing and interest bearing bank borrowings, totalled KSEK 249,962 (201,727). Group cash at the same date was KSEK 11,211 (30,472). Operational highlights · The planted area for harvest in 2013 is on a steady level with 134,400 hectares (133,400) including 5,500 hectares of fodder crops for the Group’s livestock operations. · Harvesting of winter crops materially completed, incorporating approximately 46 per cent of total expected harvest for the year or 59,300 hectares. · Winter crop yields up compared to last year, with in particular improvements in the winter rape in Ukraine of over 30 per cent and winter wheat in central Russia of almost 50 per cent. · Agreements have been made for land disposals in Ukraine of 24,800 hectares. Excluding the land area for disposal, the Group retained a total land bank of approximately 226,800 hectares (281,300) at the end of the period, whereof 158,100 hectares in Russia and 68,700 hectares in Ukraine. In June 2013 the Company changed name from Alpcot Agro to Agrokultura. Ulf Scholander, Managing Director, commented “While we are seeing continuous improvements in our operations and in yields, the company’s financial results are far from satisfactory. Further work is needed to adjust our cost base in relation to the recent drop in prices of agricultural commodities.” For additional information, contact: Ulf Scholander, Managing Director, tel: +380 (67)370 42 51 Stephen Pickup, Group CFO, tel: +44 7825 294 352 The Half year report for 2013 will be available on the Group’s website www.agrokultura.com, and will be sent to shareholders who so request. About Agrokultura AB (publ) Agrokultura invests in farmland and produces agricultural commodities in Russia and Ukraine. The Group aims to generate an attractive return on invested capital by optimally utilizing its agricultural land bank through crop production, livestock and related operations. Shares in Agrokultura are listed in Sweden on the Nasdaq OMX First North exchange under the ticker AGRA and the Group’s Certified Adviser is Remium Nordic AB.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Full Sail University Bags Billboard Music School Honor

Updated Category News Views 4

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Continue Reading
Raken Debuts Change Orders: A Game-Changer for Builds

Updated Category News Views 2

Construction Gets a Streamlined Boost with Raken's New Tool In construction, chaos often partners seamlessly with progress. But Raken is stepping in to shake things up a bit. This isn’t just another run-of-the-mill software update; this is Raken flexing its muscles in the construction tech arena. They’ve rolled out Change Orders, enhancing their project management...

Continue Reading
Hexaware Teams with Anthropic for Game-Changing AI Move

Updated Category News Views 3

A Bold AI Partnership on the Horizon Mutual back-slapping or a deal with authentic grit? Hexaware’s latest tango with Anthropic might just be the jolt enterprises need. Announced under the flickering fluorescent lights of Mumbai, London, and Iselin, Hexaware’s multi-year partnership with Anthropic thrusts Claude, their razor-sharp AI, right into the mix of...

Continue Reading
Aspen Dental Brings Comprehensive Care to Whiteville

Updated Category News Views 4

Bringing Dentistry Closer to Home Now, Whiteville's dental game just got a power-up, with Aspen Dental setting up shop in town. This isn't just another practice popping up—it's a full-on dental hub offering everything from regular cleanings to emergency tooth fixes. And let’s face it, this area's diverse population needs it. The Man Behind the Chair Guess who’s at...

Continue Reading
Lupin Secures FDA Nod for Key Injectable Drug

Updated Category News Views 2

Lupin's FDA Approval: A Strategic Play in Pharmaceuticals Ah, the thrill of a new approval! Lupin Limited has landed U.S. FDA approval for their Phytonadione Injectable Emulsion, marking a significant stride into the lucrative realm of vitamin K treatments. This approval isn't just a feather in Lupin's cap—it's a calculated move to corner a piece of the estimated $52.3...

Continue Reading
CME Group Unveils First Baseball Futures Market

Updated Category News Views 4

A New Pitch in the Financial Ballpark Alright, listen up: CME Group is stepping up to the plate with a game-changer. They’re rolling out the world’s first baseball futures, launching October 12, assuming regulators give the green light. Now, this isn’t just some novelty act; it’s based on the solid groundwork of their FutureSports Performance Indexes (CME FSPI),...

Continue Reading
Newfold Digital Revamps Leadership for Growth Surge

Updated Category News Views 2

Steering into New Horizons with Fresh Leadership October 2026 marks a fresh chapter for Newfold Digital, as they shuffle the deck chairs a bit and ramp up for some ambitious growth endeavors. This web and commerce tech company decided it's time to bring a few heavy hitters on board. Starting this month, watch out for Sachin Puri taking the reins as Chief Executive...

Continue Reading
PrideStaff: 8 Years Strong on Franchise Times Top 400

Updated Category News Views 3

Where PrideStaff Stands in the Franchise Landscape Here's something the staffing world can't ignore: PrideStaff nailed it again, landing among the giants on the Franchise Times Top 400 for the eighth straight year. Sitting at number 217, this ain't just a lucky streak—this is a sustained homerun, my friends. Consistency Is Key, And They're Holding It Consider this...

Continue Reading
Steel Dynamics Gears Up for Q3 2026 Earnings Update

Updated Category News Views 4

Steel Dynamics Preps for Key Earnings Report Folks, we're staring down the barrel of another quarterly earnings report from Steel Dynamics, Inc., and you can bet this one is gonna have plenty of eyes glued. October 19th, 2026, that's when they'll peel back the curtain on how they fared in Q3. Now, buckle up, because this isn't just a numbers game—it’s a snapshot of...

Continue Reading
Striveworks: Boosting Army's AI Edge in Indo-Pacific

Updated Category News Views 4

The world keeps marching forward, and here’s Striveworks stepping up to the plate with another big move in the military tech space. This isn't your average partnership renewal; this involves a five-year, $200 million deal to enhance battlefield AI as the U.S. Army hones its modern warfare edge in the Indo-Pacific. Now, this isn't just a battle of strategies but a battle...

Continue Reading

Top 5 Most Recently Viewed Articles

Excitement Builds at the Optimist European Team Racing Championship

Updated Category News Views 162

2024 Optimist European Team Racing Championship Overview The prestigious 2024 Optimist European Team Racing Championship has taken a thrilling turn at the Yacht Club de Monaco, where young competitors gather to showcase their sailing talents. 120 intense races have launched, demonstrating the skill and teamwork these young athletes possess. The event is a remarkable...

Continue Reading
Mena Massoud to Star in New Biblical Drama Project DANIEL

Updated Category News Views 188

Mena Massoud to Star in New Biblical Drama Project DANIEL Filming is set to begin for the exciting new film DANIEL, this fall, with plans for a theatrical release. The movie is inspired by the incredible life of one of the Bible's most revered prophets, Daniel. This biblical epic will explore the deep themes of faith, courage, and resilience that define his journey. Mena...

Continue Reading
KB Home Unveils Ashford at Placer One in Roseville

Updated Category News Views 14

Another Community Rises in Roseville Ever heard a company beat its chest about another new development in a crowded field? Pull up a chair, because this time it's KB Home (NYSE: KBH), unveiling Ashford within the Placer One master plan. Nestled in Roseville, California, this spot checked a lot of boxes before it even came out of the gate. Prime Location with Attractive...

Continue Reading
Understanding Franco-Nevada's Stock Performance Metrics

Updated Category News Views 160

Analyzing Franco-Nevada Inc's Stock Performance Currently, the stock of Franco-Nevada Inc. (NYSE: FNV) is priced at $205.00, reflecting a slight increase of 0.60%. Over the course of the past month, the stock has seen an increase of 2.61% and a remarkable rise of 66.03% over the past year. Such performance indicates that long-term investors are feeling optimistic....

Continue Reading
Fnac Darty and Ruby Achieve Major Milestone in Unieuro Acquisition

Updated Category News Views 156

Major Progress in Fnac Darty and Ruby's Acquisition of Unieuro In a remarkable turn of events, Fnac Darty and Ruby have achieved a significant milestone by acquiring 91.1% of Unieuro's share capital. This accomplishment, marking the end of the reopening of the tender period, sets the stage for Unieuro's delisting from Euronext Milan. Results of the Reopening of the Tender...

Continue Reading