FarmCompany A/S, a sustainable farmland investment company, today released its audited financial statements for the year ended December 31, 2017, with profits before taxes of EUR 613’000.
Commenting on the annual results, the Chairman of FarmCompany, Jens Ohnemus expressed that “2017 was a fantastic year for us”. Mr. Ohnemus added that “We completed additional acquisitions, and thereby added further farmland to the three farming clusters that we manage in Denmark, reaching an aggregated of 1.425 acres by year-end.”
In other remarks, Mr. Ohnemus commented that “Through additional operational optimization and subsequent reduced costs, along with acquisitions of fully operational farms which were leased to experienced local farm operators, the Company’s profits before taxes reached EUR 613’000, a testimony of FarmCompany’s successful investment and operational model”.
With a capital increase successfully completed during the fourth quarter of 2017, FarmCompany expects to continue its investment strategy, acquiring high-quality farms in Denmark during 2018.
FarmCompany is a sustainable farmland investment company, with the vision to become the premier Danish farmland company focused on the ownership of high quality farms and farm-related properties. The company holds an AA credit rating.