Operating profit stood at RON5 million in January-March 2024, up 29% from the same period of 2023, while net profit reached RON2.2 million, up 62% on the year.
In the first three months of 2024, Agroland Business System had a turnover of RON75.5 million in Q1/2024, up 7% on the year. The input division, which represents the performance registered by Agroland Agribusiness, contributed RON21.4 million to the consolidated turnover, down 2% from the same period of 2023.
Sales of day-old chicks continue the upward trend, with 38% growth, reaching RON14.7 million. Sales of food products, which represent egg sales, surged 56% to RON10.8 million, amid an increase in the production capacity at Mihailesti poultry platform.
For 2024, the company targets, at a consolidated level, net sales worth RON344.6 million, up 23% versus the level reported in 2023, an operating profit of RON22.1 million, up 98% compared to the level reported a year before, and net profit of RON12.5 million, up 164% on the year.
Agroland Business System has been listed on the AeRO market of the Bucharest Stock Exchange since March 1, 2021. At the end of the first quarter of 2024, Agroland Group operated 229 stores, among which 24 MEGA units.