Brief: Agrowill Group Q4 result turns to loss of 760,000 litas

Auga AB

02/03/2015 07:15

Mar 2(Reuters) - Agrowill Group AB  AVG1L.VL : 
     
    * Said on Saturday Q4 revenue 47.9 million Lithuanian litas  
($16.79 million) versus 20.3 million litas year ago 
    * Q4 loss of 760,000 litas versus profit of 2.3 million 
litas year ago 
    * Said that net profit was highly impacted by the write off 
of negative goodwill in the amount of 25.86 million litas 
according to IFRS after the merger of Agrowill Group AB and 
Baltic Champs UAB 
    * Net profit also was impacted by sale of the part of the 
land plots which haven't been used for direct agricultural 
activities 
 
     
  
 Source text: http://bit.ly/1zRrbMU 
     
 Further company coverage:  AVG1L.VL   
    
 
 
 
($1 = 2.8536 litas) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))