Continental Farmers Group has reported pre-tax profits of €3.5m for the six months to the end of June, up over 200% on the same time last year.
Revenues for the six month period fell back slightly to €4.19 from €4.37.
The number of hectares under crop for the 2012 harvest rose by 42% to 26,100 hectares.
CFG is a diversified agricultural producer with major farming operations in northern Poland and western Ukraine. Its main crops are oil seed rape, potatoes, wheat, sugar beet and maize.
Its crops are sold when harvested or stored in the group's storage facilities for later sale to the Ukrainian domestic market, Russia and the European Union. The group is 24% owned by agri-nutrition and food company Origin Enterprises.
The company's chief executive Mark Laird said that in a year of difficult growing conditions, its farms are delivering strong yields across its range of crops.
''With the first phase of the Autumn plantings completed in both Poland and Ukraine and the securing of the land required for further growth in 2013, the company is looked at how best to maximise earnings potential, given the strong commodity prices and the longer term prospects for the crops CFG typically grows,'' he added.
Chairman Nick Parker said that the cereal harvest has provided a good start to the year. ''Subject to no material adverse charge, we expect to exceed management's target for the year,'' he added.
