Brief: Avangardco Investments Public Q4 net result turns to loss of $9.8 mln

Avangardco Investments Public

30/03/2016 07:01

March 30 (Reuters) - Avangardco Investments Public Ltd 
 AVGRq.L : 
    * Q4 net loss of $9.8 million (Q3 2015: net profit of $1.1 
million). 
    * Q4  EBITDA decreased by 2 pct QoQ to $12.9 million 
(Q3:$13.2 million) 
    * Q4  company's consolidated revenue decreased by 3 pct QoQ 
to $53.7 million (Q3: $55.1 million) 
    * In 2015 production of shell eggs totalled 3,434 million 
units, down 46 pct versus year ago 
    * Q4 average sales price of shell eggs 1.62 UAH 
    * Net debt as at Dec. 31, 2015 of $305 million versus $225.9 
million as at Dec. 31, 2014 
    * Due to political and economic uncertainty in Ukraine and 
low demand for shell eggs provides a conservative forecast for 
current year 
 
Source text for Eikon:  ID:nRSd4632Ta  
     
Further company coverage:  AVGRq.L  
 
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