Bevo Agro records record sales

March 04, 2016
Written by
March 4, 2016, Langley, B.C. — Bevo Agro Inc. achieved record operating and financial results for the second quarter and for the six months ending December 31, 2015.

Second Quarter Highlights (versus Q2 last year)

• Record Q2 sales of $6,776,711, an increase of 5.5 per cent over sales of $6,422,391 in Q2 last year.

• Net earnings of $364,948 in the second quarter.

• EBITDA totaling $1,136,051, a 77 per cent increase over EBITDA of $642,742 last year.

Year-To-Date Highlights (versus the first six months of last year)

• Record sales $11,288,378, an increase of 8.8 per cent over the same six month period last year.

• Net earnings of $241,479 for the six-month period, versus a loss last year.

• EBITDA totaling $1,604,574, a 66.5 per cent increase over last year.

Sales for both the three-month (Q2) and six-month periods represent all-time record highs for the company during these respective periods.

The gross profit for the three months ending Dec.31, 2015 was $1,709,775 compared to $1,295,981 in the same quarter the previous year. The gross profit of $2,820,345 for the first six months was a 31 per cent increase over $2,151,744 last year.

Expenses for the six months were $2,494,026 (22 per cent of sales) compared $2,474,360 (24 per cent) for the same six months last year.

The net profit for the six months ended Dec. 31, 2015 was $241,479 versus a loss of $188,455 for the same period last year.

Readers are encouraged to view the company’s unaudited financial statements as at Dec.31, 2015, and accompanying MD&A at

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

Cultivate '19
Sat Jul 13, 2019
ASHS Conference
Mon Jul 22, 2019
Nursery/Landscape Expo
Thu Aug 08, 2019 @ 8:00am - 05:00pm
Farwest Show
Wed Aug 21, 2019 @ 8:00am - 05:00pm

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.