Baku, Azerbaijan, Dec. 2
By Elena Kosolapova – Trend:
Kazakh agricultural holding KazAgro had 19.75 billion tenges (341.44 tenges = $1) of profit in January-September 2016 versus 61.9 billion tenges of loss in the same period of 2015, according to the company’s financial statements published on the website of the Kazakhstan Stock Exchange (KASE) Dec. 2.
KazAgro’s assets rose from 1.106 trillion tenges to almost 1.25 trillion tenges in January-September 2016, while its capital rose from 288.52 billion tenges to 333.87 billion tenges.
The holding’s liabilities increased from 817.83 billion tenges to 911.2 billion tenges during the period.
Kazakh national management holding KazAgro was created in 2006. The holding’s activity is aimed at implementation of the state policy to promote industrial development of agribusiness.
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