Brief: Avangardco Investments Public FY Net Loss Widens To $55.8 Million

Avangardco Investments Public

05/04/2019 07:05

April 5 (Reuters) - AvangardCo Investments Public Ltd
 AVGRq.L :
    * FY NET LOSS AMOUNTED TO US$55.8 MILLION (2017: NET LOSS OF
US$7.5 MILLION)
    * FY CONSOLIDATED REVENUE AMOUNTED TO US$169.9 MILLION, AN
INCREASE OF 33% YOY (2017: US$127.9 MILLION).
    * FY NEGATIVE EBITDA WAS US$0.9 MILLION (2017: POSITIVE
EBITDA OF
US$11.8 MILLION).
    * PLANS TO SELL LIQUID EGG PRODUCTS LARGELY IN UKRAINE
STARTING
FROM 2019
    * FY PRODUCTION OF SHELL EGGS TOTALLED 2,625 MILLION UNITS,
UP BY
9% YOY (2017: 2,399 MILLION UNITS)
    * FY SALES OF SHELL EGGS AMOUNTED TO 2,106 MILLION UNITS, UP
BY
13% YOY (2017: 1,869 MILLION UNITS)
    * AS AT 31 DECEMBER 2018, TOTAL POULTRY FLOCK AMOUNTED TO
13.4
MILLION HENS, UP BY 41% YOY

Source text for Eikon:  ID:nRSE2050Va 
Further company coverage:  AVGRq.L 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))