Unconsolidated revenues of Agrofert Group, a Czech food, agriculture,
chemistry and media conglomerate, rose last year by 15 percent to a record
226 billion crowns, or around 11.2 billion US dollars, a spokesman for the
group told the Czech News Agency on Friday. The company’s gross profit
minus dividend yields decreased by 26 percent to 5.7 billion crowns. The
increase in revenues was mainly generated by newly acquired companies
including the German baking firm Lieken, the Mafra media group, and
others,
according to the spokesman.
Agrofert Group is solely owned by ANO party leader and incoming finance
minister Andrej Babiš who only recently quit as the corporation’s CEO.