Robust results from NGIP Agmark

NEW Guinea Islands Produce Agmark has recorded a pre-audited net profit of K7.37 million for the year ended December 31, 2021.
Robust results from NGIP Agmark Robust results from NGIP Agmark Robust results from NGIP Agmark Robust results from NGIP Agmark Robust results from NGIP Agmark

Staff Reporter

This was an increase of K1.9 million from 2020 result.
 
NGIP Agmark said the strong performance was driven by strong relationships with customers and suppliers, the execution of strategies set in 2020, robust cost-control and having an organisational structure agile to change.
 
Revenue in 2021 increased by K10.3 million or 6.33% from increased sales in cocoa and coffee exports.
 
Costs increased by K1.4 million, or 1.2%.
 
NGIP Agmark is a diversified agri-business based in PNG which owns plantations, coastal shipping, hardware, machinery, trucking and agricultural supply businesses. NGIP Agmark is PNG's leading cocoa company, as the country's largest cocoa grower, trader and exporter.

 

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