AGRANA: PROVISIONAL RESULTS FOR 2002/03
Date: 02.06.2003The AGRANA Group has closed its 2002/03 financial year with further increases in revenues and earnings. The financial statements for 2002/03 were drawn up in conformity with IAS.
The 2002/03 financial year ended on 28 February 2003 with the following provisional figures:
| 2002/03 €mn |
2001/02 €mn |
+/(-) €mn |
+/(-) % |
|
| Revenues | 875.7 | 842.8 | 32.9 | 3.9 |
| Operating profit | 80.5 | 76.0 | 4.5 | 5.9 |
| Profit before tax | 87.2 | 64.1 | 23.1 | 36.0 |
| Consolidated earnings for the year | 65.4 | 44.3 | 21.1 | 47.6 |
The increase in revenues of € 32.9 million was in part also attributable to the 14-month financial years of the AGRANA International companies, whose balance-sheet dates were brought into line with the consolidated group’s balance-sheet date (last day of February). The determined pursuit of ongoing restructuring, rationalization and cost-optimization programmes throughout the group made an important contribution to our pleasing profit growth.
The Annual Report and the final figures for the financial year will be presented in detail at AGRANA’s balance-sheet press conference on 23 May 2003.