Agroliga to debut on NewConnect in Q1 2011

The Ukrainian Agroliga agriculture producer plans to debut on the NewConnect alternative stock market in Q1 2011. The company has already completed a private offering obtaining €1m. The funds will be spent on new production machines, as well as the modernisation of its breeding complex. In total, the value of the investments will equal around €3.6m, of which €2.6m will be the company’s own funds.

The Agroliga Group, which consists of five Ukrainian companies and a Cyprus holding company, made €2.4m in sales revenues and €530,000 in net profit in 2009.

In 2010, the group expects around €4.5m in sales revenues and €1.3m in net profit.