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AvangardCo Investments Public Ltd (AVGRq.L)

AVGRq.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AvangardCo Investments Public Q4 net loss widens to $56.6 mln
Wednesday, 29 Mar 2017 02:00am EDT 

Avangardco Investments Public Ltd : Q4 consolidated revenue $79.6 million versus $53.7 million year ago . Q4 net loss of $17.8 million versus $9.8 million year ago . Q4 EBITDA of $11.3 million versus $12.9 million year ago . FY 2016 net loss $56.6 million versus $158.4 million year ago . Company expects gradual recovery in domestic demand to continue, helping to moderately drive growth in 2017 .Expects 20-30 pct growth in export sales - although this is reliant on the resumption of exports to the Middle East (particularly to Iraq) and the import ban being lifted in the near future.  Full Article

Avangardco: UkrLandFarming delays interest payment on $500 mln notes due 2018
Tuesday, 21 Mar 2017 05:30am EDT 

Avangardco Investments Public Ltd : UkrLandFarming PLC (ULF) and Avangardco(AVG) are in discussions with an ad hoc committee of bondholders in respect of ULF's $500 million notes and AVG's $200 million notes due 2018 . Says it is possible that proposal will include request to restructure interest payment due under ULF notes on March 27 .Says consequently, March 2017 interest payment will not be paid on March 27 and ULF will instead make use of 30 business day grace period.  Full Article

Avangardco 9-month net loss narrows to $38.8 million
Wednesday, 30 Nov 2016 02:00am EST 

Avangardco Investments Public Ltd : 9-Month net loss reduced to $38.8 million versus $150.5 million year ago . Q3 net loss of $6.1 million versus profit $1.1 million year ago . 9-Month negative EBITDA of $10.0 million versus $84.3 million year ago . 9-Month consolidated revenue amounted to $111.1 million versus $176.5 million year ago .In Q4 expects a partial recovery in demand for shell eggs and dry egg products and sales price for shell eggs in run up to winter holidays.  Full Article

Avangardco Investments Public H1 net loss narrows to $32.6 million
Wednesday, 31 Aug 2016 02:00am EDT 

Avangardco Investments Public Ltd : Says H1 net loss reduced to $32.6 million (H1 2015: $152.4 million) . H1 consolidated revenue amounted to $64.8 million, a decrease of 47 pct year-on-year (H1 2015: $121.4 million) . Says H1 negative EBITDA of $12.6 million (H1 2015: $98.2 million) . Says H1 production of shell eggs totalled 1.25 billion units, a decline of 34 pct year-on-year (H1 2015: 1.89 billion units) . H1 sales of shell eggs amounted to 751 million units, down by 56 pct year-on-year (H1 2015: 1.7 billion units) . Average sales price of dry egg products in H1 was $5.65/kg, up by 5 pct year-on-year (H1 2015: $5.40/kg) .Says company's H1 2016 results were affected by Q2 sales price of shell eggs which fell below 2015 level amid rising production costs.  Full Article

AvangardCo Investments Public Q1 net loss narrows to $4.0 million
Tuesday, 31 May 2016 02:00am EDT 

Avangardco Investments Public Ltd : Q1 consolidated revenue $39.8 million versus $72.4 million year ago . Net debt as at March 31, 2016 of $317 million versus $305 million as at Dec. 31, 2015 . Q1 net loss amounted to $4.0 million versus loss of $52.2 million . Q1 EBITDA amounted to $9.6 million, an increase of 50 pct year-on-year . Q1 production of shell eggs totalled 627 million units, a decline of 40 pct year-on-year .Q1 sales of shell eggs amounted to 475 million units, down 55 pct year-on-year.  Full Article

Avangardco Investments Public Ltd appoints CEO and chairman
Friday, 29 Apr 2016 04:16am EDT 

Avangardco Investments Public Ltd:Says Oleg Bakhmatyuk will become chairman of board replacing Nataliya Vasylyuk, who will retake position of chief executive.  Full Article

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