Agromino A/S: 1H 2017 Interim Financial Report
1H 2017 Highlights · 1H 2017 EBITDA of EUR 9.4 million, despite strong rapeseed yields, the reduction in estimated crop yields due to drought reduces the value of biological assets · Increased direct expenses from applying higher priced imported fertilizers, and a rise in land rentals · Administrative costs reduced · Write down of doubtful prepayment for fertilizers in amount of EUR 1.4 million · Overall business turned round from a net loss of EUR 14.9 million in 1H 2016 to a EUR 9.5 million net profit for 1H 2017 · Disposal of non-core part of elevator business for EUR