1st Nov 2021 11:55
Agriterra Ltd - Guernsey-based agricultural investment company - Reports revenue for financial year that ended March 31 rises 11% to USD14.3 million from USD12.9 million the year before. Pretax loss is USD2.2 million, narrowed from USD3.0 million loss in financial 2020. "The group has had a difficult start to financial 2022 as the Covid-19 lockdown was reinstated in April 2021. This has made the overall operation challenging, but management are protecting the gross margins and ensuring that the businesses do not lose potential advantages in the market," it says. Going forward, Agriterra says it continues to focus on adding value by developing and offering new products to the market.
Current stock price: 5.01 pence, down 20%
Year-to-date change: down 16%
By Evelina Grecenko; [email protected]
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