KSG Agro increased its sales revenue by 16% in 2023
KSG Agro increased its sales revenue by 16% in 2023 compared to 2022. This was reported by the press service of the agricultural holding with reference to the company's report published on the Warsaw Stock Exchange.
KSG Agro agricultural holding increased its revenue from sales by 16% in 2023 compared to 2022, from USD 16.2 mln to USD 18.8 mln.
"In 2023, the second year of the full-scale war, unlike in 2022, we were able to export grain crops, which was stopped after Russia's invasion of Ukraine," comments Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro. - "While in 2022 we used most of our own grain for the production of animal feed instead of purchasing it from third-party suppliers amid the logistical challenges of the war period, last year we were able to meet the demand of foreign partners to a greater extent. This made it possible to increase revenue from sales. In addition, this figure grew due to the fact that the holding made more active use of its agricultural equipment and experience to provide services, in particular, tillage to other agricultural producers."
