For FY2020 ended December 2020, Don Agro posted a 66.5% y-o-y increase in net profit, to an all-time high of $8.7 million, despite challenging operating conditions amid the Covid-19 pandemic.
1. Describe Don Agro’s recent financial performance.
Don Agro International is one of the largest agricultural companies in the Rostov region in Russia that engages in the cultivation of crops and production of raw milk. The group has a controlled land bank of about 63,240ha, of which 51,207ha is arable land. Don Agro owns 16,600ha of the controlled land bank.
