Agroliga Group - Revision of financial forecasts for 2012
15-05-2012
The Board of Directors of Agroliga Group PLC (“Group", “Issuer") announces the revision of financial forecasts for 2012, published in the Information Document of the Issuer dated on 21st January 2011.
The financial forecasts, presented in the Information Document, assumed to achieve:
• Revenue from sales: 13 181 700 EUR
• Net profit: : 2 564 800 EUR
The new projected financial data for 2012 are as follows:
• Revenue from sales: 10 205 400 EUR
• Net profit: : 2 108 050 EUR
The reason for revision of the forecasts of the Group's financial result is a delay in the installation of the second new line of sunflower refinery. The financial projections for 2012 assumed that new line will start working in January 2012, which would increase significantly capacity to process sunflower seeds into sunflower oil. Unfortunately, the installation will finished in 3rd quarter 2012, what will affect the results achieved by the Company in 2012. The delay is caused by the need for further refinement of equipment by the supplier.
Legal basis: § 3.2 item 15) of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
The financial forecasts, presented in the Information Document, assumed to achieve:
• Revenue from sales: 13 181 700 EUR
• Net profit: : 2 564 800 EUR
The new projected financial data for 2012 are as follows:
• Revenue from sales: 10 205 400 EUR
• Net profit: : 2 108 050 EUR
The reason for revision of the forecasts of the Group's financial result is a delay in the installation of the second new line of sunflower refinery. The financial projections for 2012 assumed that new line will start working in January 2012, which would increase significantly capacity to process sunflower seeds into sunflower oil. Unfortunately, the installation will finished in 3rd quarter 2012, what will affect the results achieved by the Company in 2012. The delay is caused by the need for further refinement of equipment by the supplier.
Legal basis: § 3.2 item 15) of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
