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Tuesday, 09.06.2026, 05:54
Turnover of Premia Foods increased by 2.7% in Q1
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Net profit improved by 0.8 million euro and by the end of the 1st quarter the company had earned net loss in the amount of 1.2 million euro, while the result of the same period previous year was net loss in the amount of 2.0 million euro, the company told Tallinn bourse.
In addition to the increase in turnover, all the profitability ratios have improved in the 1st quarter of 2012 and this applies to all the business segments, writes LETA.
During this period, the gross profit of the company increased by 29% reaching 4.2 million euro. The gross margin of Premia Foods in the 1st quarter of 2012 was 24.5%, having improved by 5.1 percentage points by year.
For the first time since Premia became a public company the EBITDA result of the 1st quarter is positive. The EBITDA from operations improved by 0.5 million euro, reaching zero.
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