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Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Chemicals Basic Materials
Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Verde Agritech Ltd
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Post by sdhakaon Jan 30, 2024 3:40pm
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Post# 35853405

2023 results and 2024 guidance

2023 results and 2024 guidance
Verde AgriTech Ltd / TSX: NPK
 
PR Title
 
2023 results and 2024 guidance
 
FRC Opinion
 
Mixed – 2023 revenue was down 53% YoY, amid lower product sales and fertilizer prices, missing our estimate by  11%. EPS declined YoY, from $0.34 to -$0.10, but closely aligned with our estimate of -$0.09. On a positive note, management’s 2024  guidance for product sales and revenue reflect a 65% YoY increase on average, exceeding our  estimates by 17%. Fertilizer prices have begun stabilizing, which we believe should encourage increased consumption among farmers. We are cautiously optimistic, and anticipate fertilizer demand to rebound in 2024.
 
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