2014-08-29 08:30:41 CEST

2014-08-29 08:31:39 CEST


REGULATED INFORMATION

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Linas Agro Group - Interim information

AB Linas Agro Group notification about interim twelve months financial results of the financial year 2013/2014 


AB Linas Agro Group is presenting interim report and unaudited consolidated
financial statements of the financial year 2013/2014 for 12 months period,
ended 30 June 2014. 

Panevezys, Lithuania, 2014-08-29 08:30 CEST (GLOBE NEWSWIRE) -- 

Revenue of AB Linas Agro Group amounted to LTL 2,019 billion, gross profit -
LTL 150 million 

Consolidated revenue of AB Linas Agro Group totaled LTL 2,019 million during
twelve months of 2013/2014 financial year and was almost the same as compared
to previous year (LTL 2,043 million). Revenue for the fourth quarter totaled
LTL 439 million and grew 14% as compared to previous year (LTL 385 million). 

The Group's sales volume in tons reached a record amount or 2.3 million tons of
various grains, agricultural inputs and other products and was 32% more as
compared to previous year (1.7 million tons). 

AB Linas Agro Group consolidated gross profit amounted to LTL 150 million
compared to LTL 158 million in previous year and gross profit margin remained
almost the same or 7.4%. The gross profit of the fourth quarter grew up 48%
from LTL 35 million to LTL 52 million as compared to the respective period of
the previous year. 

Consolidated Group's EBITDA decreased from LTL 127 million to LTL 123 million
as compared to previous year. EBITDA for the fourth quarter was LTL 48 million
and accelerated by almost 4 times as compared to LTL 10 million in previous
year. 

The Group's operating profit reached LTL 94 million and was 9.7% less as
compared to the respective period of the previous year (LTL 104 million) and
the net profit before tax amounted to LTL 87 million as compared to LTL 101
million previous year. The net profit attributable to the Group reached LTL 76
million (LTL 90 million previous year). 

During the respective period AB Linas Agro Group acquired Latvian poultry
companies AS Putnu fabrika Kekava, SIA Broileks, SIA Cerova and SIA
Lielzeltini, farming company Panevėžys district Žibartonių ŽŪB, also sold
accumulation of raw lignin sold together with one of its operators. 

“Our recent results prove that AB Linas Agro Group's business strategy and
investments are on the right track. The Group continuously increases its sales
volumes, successfully diversifies its activities by acquiring profitable and
related to its core activity companies and remains the leader of agribusiness
in the Baltics”, - state Tomas Tumenas, finance director of AB Linas Agro
Group. 



About AB Linas Agro Group

AB Linas Agro Group is an agribusiness parent company engaged in the production
and trade of grains, oilseeds, feedstuff, poultry and poultry products, also
agricultural inputs. It controls companies in Lithuania, Latvia, Estonia and
Denmark. The group consists of international agricultural production trading
company in Lithuania AB Linas Agro, grain storage company UAB Linas Agro Grūdų
centras KŪB (controlling 7 grain storages), Latvian trading company SIA Linas
Agro, international trading company Linas Agro A/S in Denmark, group of
companies ŽŪB Landvesta, managing agricultural land, holding of agricultural
companies UAB Linas Agro Konsultacijos, agricultural inputs supplier UAB
Dotnuvos Projektai, logistic company UAB Jungtinė Ekspedicija, poultry
companies AS Putnu Fabrika Kekava and SIA Lielzeltini, also other companies.
The financial year of the Group begins on 1 July. 

From 17 February 2010 AB Linas Agro Group is included in the main list of
companies of NASDAQ OMX Vilnius stock exchange. 


         More information:
         Tomas Tumėnas
         Finance director of AB Linas Agro Group
         Mob. +370 682 36 616
         E-mail t.tumenas@linasagro.lt
         Agnė Barauskaitė
         Investor relations specialist
         Ph. +370 45 507 346