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Don Agro posts 66.5% increase in net profit to S$8.7 million for FY2020

Nachrichtenquelle: PR Newswire (engl.)
05.03.2021, 09:00  |  131   |   |   

  • Driven by an increase in gain from change in fair value of biological assets and agricultural products, mainly due to rising global prices of agricultural produce, gross profit rose 70.3% yoy to S$14.6 million
  • Declares a final dividend of 1.157 Singapore cents per share (FY2019: 0.7 Singapore cents per share) to reward shareholders, representing a dividend payout ratio of 20%

SINGAPORE, March 5, 2021 /PRNewswire/ -- SGX-Listed Don Agro International Limited ("Don Agro") (SGX Ticker: GRQ) and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia, has announced its financial results for the full year ended 31 December 2020 ("FY2020"). Read the full press release here.

Financial Highlights (S$'000)


FY2020

FY2019

Change (%)

Revenue


30,996

35,431

(12.5)

Cost of Sales


(25,587)

(33,354)

(23.3)

Gain from change in fair value of biological assets
and agricultural produce


9,217

6,512

41.5

Gross Profit


14,626

8,589

70.3

Gross Profit Margin (%)


47.2

24.2

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Don Agro posts 66.5% increase in net profit to S$8.7 million for FY2020 Driven by an increase in gain from change in fair value of biological assets and agricultural products, mainly due to rising global prices of agricultural produce, gross profit rose 70.3% yoy to S$14.6 million Declares a final dividend of 1.157 …

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