International Internet Magazine. Baltic States news & analytics
Friday, 27.05.2016, 17:16
Pieno Zvaigzdes's sales grow by 7% in January- June
The sales were 337.2 million litas over six months in 2011.
Export volumes increased by 10%, and the domestic sales increased by 4%.
Over the six months of the year, the company's EBITDA accounted for 25.1 million litas, and decreased by 19% as compared to EBITDA of 31.1 million litas a year ago, writes LETA/ELTA.
The company earned net profit of 6.6 million litas, or 40% less as compared to net profit of 11.1 million litas over same period in 2011.
Decrease of milk products prices in export markets had the major impact on the company's profit decrease.