
The revenue of the largest agricultural and industrial holding in Moldova Trans-Oil Group (Aragvi Holding International Ltd.) in 2021 amounted to $1 billion 305.9 million, an increase of 1.9 times compared to 2020.
As follows from the financial statements published by the holding, while the total profit grew by 2.8 times over the year - from $95.98 million to $272.82 million, and net profit increased by 2.2 times - from $36.69 to $80.85 million. And EBITDA (earnings before interest, taxes and accrued depreciation) increased by almost 1.8 times - from $70 million in 2020 to $125 million in 2021. Most of the revenue in 2021 was received from the export of grain and oilseeds - $908.5 million (an increase of almost 2.2 times compared to 2020), vegetable oil - $224.81 million (an increase of 1.6 times), while the supply of vegetable oil in bulk increased by 27.1% - from $125.05 million to $158.95 million, and bottled vegetable oil - by 4.9 times - from $13.38 million to $65.86 million. Supplies of sunflower meal increased by 40.1% - from $114.88 million to $160.92 million. Trans-Oil Group's main geographic sales markets in 2021 were: Middle East and North Africa - $608.48 million of total revenue, Euros EU - $244.02 million, Turkey - $231.63 million, Asia - $47.31 million, Moldova - $29.19 million, other countries - $145.3 million. Overall sales growth was achieved through the introduction of a new production and distribution program in foreign markets. The new manufacturing and marketing program included operations in Latin America, Australia, the USA, the Black Sea region, the Eastern Mediterranean and the Middle East. Trans Oil is the largest buyer and exporter of grains and oilseeds in Moldova. The group operates 16 storage facilities throughout the country, which can simultaneously store more than 750 thousand tons, 2 oil extraction plants in Balti and Ceadir-Lunga with a daily capacity of 1200 tons and 400 tons, respectively. It also owns 2 grain terminals and a sunflower oil terminal in the Giurgiulesti port, as well as a number of agricultural, transport and infrastructure enterprises in many countries. Earlier it was reported that Trans-Oil Group issued a new Eurobond issue for $400 million maturing in 2026. The CEO and founder of Trans-Oil Group is Vaja Jhashi, who owns 87.5% of the shares of Aragvi Holding International Ltd (the parent company of Trans-Oil Group), with the remaining 12.5% stake owned by Oaktree Capital Management LP.// 04.04.2022 — InfoMarket