Acron changed the loss to profit
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Acron Group has published its 2Q2020 financial results.
According to its press-release, Acron Group’s revenue has increased by 1% to 28.353 billion rubles (approximately $382.8 million) compared to the 1Q2020. The growth was facilitated by the strengthening of the US dollar against the Russian currency.
The net profit of Acron Group amounted to 9.140 billion rubles (approx. $123.4 million) versus the previous loss of 10.126 billion rubles ($136.7 million).
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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