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Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

Don Agro International Ltd / Equity Bottom-Up

<h2>10 Questions for Don Agro International</h2>
<p><strong>Company Overview</strong><br>Don Agro International (Don Agro) is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group has a controlled land bank of approximately 63,240 hectares, of which approximately 51,207 hectares are arable land. Don Agro owns approximately 16,600 hectares of the controlled land bank. <a href="https://www.sgx.com/securities/equities/GRQ" target="_blank" rel="noopener">Link to StockFacts company page</a></p>
<ol>
<li><strong>Describe Don Agro’s recent financial performance.</strong></li>
</ol>
<ul>
<li>Don Agro posted a 66.5% year-on-year (yoy) increase in net profit, to an all-time high of $8.7 million, for FY2020 (ended 31 December 2021) despite challenging operating conditions amid the COVID-19 pandemic.</li>
<li>Revenue for FY2020 declined 12.5% yoy to S$31.0 million. This was mainly attributable to a relative decline in the sales of crops compared to FY2019, as a significant yield of sunflowers harvested in FY2018 was shifted for sale in FY2019 instead. Correspondingly, cost of sales decreased 23.3% yoy to S$25.6 million for FY2020.</li>
<li>Notwithstanding the above, the Group has been a beneficiary of rising global prices of agricultural produce, with gross profit rising 70.3% yoy to S$14.6 million for FY2020. This was mainly driven by a 41.5% yoy increase in gain from change in fair value of biological assets and agricultural products to S$9.2 million for FY2020.</li>
</ul>
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10 Questions for Don Agro International
Company Overview Don Agro International (Don Agro) is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group has a controlled land bank of approximately 63,240 hectares, of which approximately 51,207 hectares are arable land. Don Agro owns approximately 16,600 hectares of the controlled land bank. Link to StockFacts company page

Describe Don Agro’s recent financial performance.


Don Agro posted a 66.5% year-on-year (yoy) increase in net profit, to an all-time high of $8.7 million, for FY2020 (ended 31 December 2021) despite challenging operating conditions amid the COVID-19 pandemic.
Revenue for FY2020 declined 12.5% yoy to S$31.0 million. This was mainly attributable to a relative decline in the sales of crops compared to FY2019, as a significant yield of sunflowers harvested in FY2018 was shifted for sale in FY2019 instead. Correspondingly, cost of sales decreased 23.3% yoy to S$25.6 million for FY2020.
Notwithstanding the above, the Group has been a beneficiary of rising global prices of agricultural produce, with gross profit rising 70.3% yoy to S$14.6 million for FY2020. This was mainly driven by a 41.5% yoy increase in gain from change in fair value of biological assets and agricultural products to S$9.2 million for FY2020.



10 in 10 with Don Agro International - Feeding a Greener World