Revenue widened by 48% on the year, to RON920 million, the company said in a press release.
The group provides integrated services for farmers and processors in agriculture.
The amount of loans issued by the group through Agricover Credit IFN, which lends to farmers, reached RON300 million, up 54% on the year.
Commerce with cereal and oilseeds represented 55% of the group’s turnover.
The more than 3,000 farmers partnering with the group hold a total 19% of the arable land available in Romania, according to Robert Arsene, chief executive officer of the group.
The Agricover group has over 600 employees and it is owned by Azeri-born businessman Jabbar Kanani.