KSG Agro Reports Operating Profit of $3.7 Million in 2024
The agricultural holding KSG Agro reported an operating profit of $3 million 662 thousand for the year 2024. This is a significant figure, considering the previous year when the company incurred losses of $1 million 615 thousand. The information about the financial results is provided in the company’s report published on the Warsaw Stock Exchange.
This is reported by AgroReview
Additionally, revenue from product sales increased by 17.6%, from $18.8 million to $22.1 million. This indicates a positive trend in the financial condition of the holding, as noted in the report.
Efforts in Challenging Conditions and Strategic Development Directions
The Chairman of the Board of Directors of KSG Agro, Serhiy Kasyanov, emphasized during a comment that even amid the war, under the sounds of rockets and drones in frontline regions, the company continues to develop. “Another year of war, challenging working conditions under the sound of rockets and drones in the frontline region. However, in these extraordinary circumstances, thanks to the continued implementation of the strategy for the development of a vertically integrated holding, we have achieved improvements in financial indicators in two of our strategically important areas of activity – crop production and pig farming,” his official report quotes him as saying.
The main factor behind the positive dynamics was the increased efficiency of the pig farming business, particularly through the renewal of the herd with modern high-efficiency genetics. According to Kasyanov, tests conducted in 2023 showed a high level of productivity among the purchased sows, which is noted not only by the number of piglets and weight at farrowing but also by the high quality of the meat.
To improve the indicators in the herd, approximately 1,300 low-yield sows were gradually replaced, which allowed for the production of high-quality piglets and supported the strategic priority – ensuring the country’s food security.
According to Serhiy Kasyanov, in 2025, the further development of the company will depend on the increased efficiency of crop production and the growth of productivity in the pig herd through herd rejuvenation.