Don Agro International Limited provided consolidated earnings guidance for the financial year ended 31 December 2022. The Board of Directors of the company announced that following a preliminary assessment of the Group's unaudited consolidated financial results for the financial year ended 31 December 2022, the Group is expected to report a net loss for the financial year 2022. The losses for the financial year 2022 are mainly due to: Significant impact on gain from change in fair value of biological assets (crops) and agricultural produce as a result of lower prices for agricultural products within Russia; and Increase in cost of sales as a result of significant leap in prices for seeds, fertilizers and spare parts in the financial year 2022.
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- Don Agro International Limited Provides Consolidated Earnings Guidance for the Financial Year Ended 31 December 2022