Turnover reached RON21 million, up 4.3%. This evolution reflects the company’s ability to navigate a challenging environment where the agricultural sector faced multiple difficulties, including liquidity shortages and cautious investment decisions by farmers in new crops.
The Group’s fixed assets increased by nearly 26% to RON27.6 million, primarily due to investments in irrigation systems and the research laboratory. These assets are essential for the company’s development strategy, enabling the production of a broader range of products and ensuring a better competitive position in the market.
Receivables decreased by approximately 26% to RON38.8 million, with the company maintaining a high collection rate (over 96%), despite the agricultural sector facing a very challenging year.
Total liabilities declined by nearly 4% compared to last year’s period, reaching RON62.4 million, due to early repayments of certain credit facilities.
Operating revenues reached RON25.1 million, down about 4% year-on-year. Farming activity performed weaker in the first half, but revenues are expected to rise in the second half as harvests begin processing.
Operating expenses increased by nearly 5% compared to the previous year, totaling approximately RON21 million, mainly influenced by rising material costs for crop establishment inputs.
The company’s shares have lost 24% in the past 12 months amid deals worth RON8.6 million and RON65 million capitalization.
(English version by Catalina Apostoiu)