| The Board of Directors of KSG Agro S.A. (the “Company") is pleased to publish management account figures for 6 months 2012 ended 30.06.2012, which are not audited yet. Currently they are being audited and once the auditors review is signed the Company will publish the formal semiannual report on the date as was previously indicated. USD thousand For the 6 months ended 30.06.2012 Income Statement summary 30.06.2012 Income 7,677 EBITDA 13,854 Profit for the period 8,975 Balance Sheet summary Property, plant and equipment 53,298 Total non-current assets 80,167 Cash and cash equivalents 4,808 Inventories 14,071 Current biological assets 41,115 Total current assets 79,504 Total assets 159,671 Total equity 100,122 Loans and borrowings 6,358 Total non-current liabilities 7,195 Loans and borrowings 35,794 Total current liabilities 52,354 Total equity and liabilities 159,671 Net debt/EBITDA 2.70 Return of equity 0.15 Current ratio 1.52 *Notice: The presented financial results for 2011 are unaudited management accounts. The Group’ management believes that audited accounts will be of no material difference from its management accounts Revised forecast for 2012: After 6 months of 2012 the Group plans to achieve such further operational results in 2012 (revised): land bank under control of 100 ths hectares by the end of the year (including 65.3 ths ha of harvested land), storage capacities of 120 ths tonnes and total grain harvest of 122.8 ths tonnes. These operational results are expected to lead to the following financial performance in 2012: Revenue, EBITDA and Net Income of USD 53.8 mln, USD 25 mln and USD 14.2 mln, respectively. Legal grounds: Article 56.1 of Polish Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, and Article 14 of the Luxembourg law of 11 January 2008 relating to the transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. | |
