Feb 12 • 16:35 UTC 🇦🇷 Argentina La Nacion (ES)

Giant in bankruptcy: Los Grobo had a strong improvement in its operating result and expects to return to a top ten

Los Grobo Agropecuaria SA reports substantial operational improvements as it restructures amid creditor proceedings, reducing costs significantly and aiming to hit production targets in the current campaign.

Los Grobo Agropecuaria SA, currently undergoing preventive bankruptcy proceedings, has released its semi-annual balance sheet showcasing notable improvements in its operating results as per a structured recovery plan. Comparatively, between April and June of this year, the company recorded an increase of $727 million from the first quarter and a $14 million rise from the same period last year, prior to its bankruptcy filing. This is indicative of a strategic turnaround and financial stabilization.

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