In the first quarter of 2011, Agroliga Group achieved EUR 1 546 ths revenues. This was possible mostly due to successful work of our oil refinery.

Net profit for this period - EUR 218 ths.

"According our strategy, main targets for year 2011 were:

• Increase of productivity from 1 ha by 20-50%
• Increase of herd by 200 pedigree, high-milk cows
• Launch of second installation for sunflower production able to produce 10 thousand tonnes per year, which will allow to increase total production by 17 thousand tonnes/year
• Reach of 5% share in Charkow’s sunflower oil production market

It was not so much time from the beginning of 2011, but we are ready to report about first steps on this way.

At first, since this year was implemented program of using new liquid fertilizers. The introduction of CAS as a primary fertilizer will enable the Company to achieve a 30-40 percent higher yields per year.

At second, agreement was signed with Poltava cow breeding farm – and 50 milk cows will join our herd in May, and another 50 in September. We are still looking for more good additions for our milk farm.

At third, reequipping of oil refinery was started, and was found a possibility to expand  it’s capacity even more, then was planned.  It’s estimated 50-55 thousand tones of sunflower processing per year. The factory will be ready by August, to start a new season with new capacity."- says Oleksandr N. Berdnik, President Board of Directors Agroliga Group PLC.