15th Dec 2021 19:21
Agriterra Ltd - Guernsey-based agricultural investment company - For the six months ended September 30, pretax loss widens to USD1.2 million from USD997,000 the same period a year before, due to higher operating costs, and a decline in revenue by 11% year-on-year to USD4.9 million from USD5.5 million, on higher maize supply compared to demand and a loss of business in March and April by the Beef division.
Looking ahead, expects an improved second half due to 10,000 tonnes of grain in silo and higher demand for meal and beef in the fourth quarter of the financial year.
Current stock price: 4.77 pence, down 13% on Wednesday.
Year-to-date change: down 21%
By Dayo Laniyan; [email protected]
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