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Thursday, 25.04.2024, 22:21
In H1, Pieno Zvaigzdes' sales decreased by 39%
BC, Vilnius, 05.08.2015.
Print version
Print versionBased on preliminary unaudited results, Pieno Zvaigzdes AB sales in the first six months of 2015 accounted for EUR 82.3 million and were 39% lower compare with sales a year ago, the company said, cites LETA/ELTA.
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Sales in H1 of 2014 amounted to EUR 135.5 million. Decline of sales was influenced by low product prices and closed Russian market.
In H1 of 2015, the dairy's EBITDA was at EUR 3.8 million and decreased by 35.7% compared with EUR 6 million EBITDA a year ago.
The company incurred a loss of EUR 0.5 million compared with a net profit of EUR 1.1million over same period in 2014.
The company's sales over the second quarter of 2015 accounted for EUR 42.6 million and were 39% lower compared to the same period a year ago. Sales in Q2 of 2014 were EUR 69.6 million.
IN Q2, the company incurred a loss of EUR 0.1 million compared with a net profit of EUR 0.4 million in the same period in 2014.
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