Investor Presentaiton
01 2020 Consolidated Results
VERDE
AGRITECH
All amounts in CAD $'000
Q1 2020
Q1 2019
Variance
Revenue
510
154
231%
Production costs
(331)
(49)
(576%)
Gross Profit
178
105
70%
Selling and General Administrative expenses
(842)
(561)
(50%)
Operating Profit/(Loss) before non-cash events
(664)
(456)
(46%)
Share Based Payments (Non-Cash Event)*
(40)
(384)
90%
Depreciation and Amortisation
(12)
(12)
0%
Operating Profit/(Loss) after non-cash events
(716)
(852)
16%
Corporation tax
(18)
(8)
(125%)
Interest Income/Expense
(58)
(13)
(346%)
Net Profit/(Loss)
(792)
(873)
9%
Although revenue increased by 231% in Q1 2020, Verde presented a Net Loss of
792,000. This was already expected in the budget, since Q1 is the low season for the
fertilizers market in Brazil, due to the country's climate.
Key variances and comments in the next charts, as follows.
* Included under administrative expenses in the financial statements.
5View entire presentation