Agroton Public Limited, diversified vertically integrated agricultural producer in eastern Ukraine, focusing on crop production, comprising principally sunflower seeds and wheat, as well as the processing, storage and sale of such crops, livestock and food processing, today announces its audited financial results for the full year ended 31 December 2009.

Financial overview

All the key financial indicators increased significantly as reported in local currency (Hryvnia - UAH). However, when translated into US dollars, due to the significant Hryvnia’s depreciation against the US dollar over the last year (2009: average UAH/USD 7.79; 2008: average UAH/USD 5.27), some financial indicators were down year-on-year when reported in US dollars.

Consolidated revenue in UAH terms increased by 8% to UAH 430.8 million (2008: UAH 399.2 million) and in US dollar terms decreased by -27% to USD 55.3 million (2008: USD 75.8 million). Commenting on the results, Iurii Zhuravlov, Chief Executive Officer of Agroton Public Limited, said:

“After offering and listing on the Frankfurt Stock Exchange in November 2009 we made a number of investment decisions to strengthen our position as #1 sunflower seed producer and to fulfill the investment program for 2010. Our most recent developments are construction of 8 new chicken farms (today Agroton operates 47 high technology chicken farms) and pending acquisition of additional 6,000 hectares of land in Kharkiv and about 10,000 hectares of land in Luhansk regions close to our existing 134,075 hectares farmland.”