Revenues of Moldova's largest agri-industrial holding Trans-Oil Group (Aragvi Holding International Ltd.) in the second half of 2023 amounted to $1 billion 292.4 million and increased by 13.1% compared to the same period of 2022.
As follows from the financial statements of the holding, at the same time the total profit increased by 12.2% over the year - from $198.36 million to $222.63 million, and net profit - decreased by 8.8% - from $57.48 million to $52.42 million. At the same time, exports of bulk sunflower oil increased by 61% - from $277.983 million to $447.762 million, grain and oilseed crops - increased by 2.5% - from $668.181 million to $685.002 million, oil meal - decreased by 7.5% - from $111.738 million to $103.360 million. Shipments of bottled vegetable oil decreased almost 1.7 times - from $62.357 million to $37.121 million. The main geographic markets for Trans-Oil Group in the second half of 2023 were: Middle East and North Africa - $392.96 million of total revenue, Asia - $313.586 million, European Union - $281.284 million, Turkey - $159.882 million, Serbia - $124.981 million, Moldova - $16.104 million, other countries - $2.58 million . Trans-Oil Group, the largest buyer and exporter of grain and oilseeds in Moldova, has a unique and integrated system of sourcing, processing, storage and transportation of goods. The Group operates 16 storage facilities throughout the country, capable of storing more than 750 thousand tons of different crops concomitantly, 3 edible vegetable oil plants with a total capacity of 600 thousand tons, including oil production 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 Giurgiulesti port, as well as a number of agricultural, processing, transportation and infrastructure enterprises in Romania and Serbia. The CEO and founder of Trans-Oil Group is Vazha Jhashi, who owns 87.5% of Aragvi Holding International Ltd (the parent company of Trans-Oil Group), with the remaining 12.5% held by Oaktree Capital Management LP. // 08.04.2024 – InfoMarket
