Agrowill Group CEO Marius Iutautas acquires shares of the Company he manages
Agrowill Group CEO Marius Iutautas acquires shares of the Company he manages. From now he owns 135,000 shares of the one of the largest agricultural investment companies in the Baltic countries.
A week ago Agrowill Group has announced the year 2011 after completing a profit. The company's turnover last year, compared to the 2010's, grew by 25 percent. and amounted to 56.58 million. LTL. EBITDA (earnings before interest, taxes, depreciation and amortization) significantly increased - of around 50 percent. - from 8.7 million in 2010. to 12.6 million in 2011.
"Results show that the company has been developed in the right direction. Continuously improving financial and performance indicators, the company seek to increase the volume and profitability. The company is successfully implementing the goal - debt reduction. Over the past year has been achieved and a lot of efficiency of the performance objectives. I believe in this company and I see that we are moving in the right direction, and so investing in it "- says Agrowill Group CEO Marius Iutautas.
According to him, the favorable situation of the agricultural commodity markets allows the company executives and shareholders expect good market situation and in 2012.
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