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Vilkyskiu dairy's net profit halves to EUR 0.6 mln in January-September
BC, Vilnius, 30.11.2015.
Print version
Print versionVilkyskiu Pienine, one of Lithuania's biggest dairy producers, said on Monday that its consolidated net profits for January through September 2015 more than halved to 627,000 euros as revenue dropped by 26% year-on-year to 60.1 million euros, informs LETA/BNS.
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Pretax earnings for the nine months slumped down to 235,000 euros, from 1.248 million euros a year earlier, the company said in a stock exchange release.
EBITDA fell by 22.7% to 2.697 million euros, but the EBITDA margin rose by 0.2%age points to 4.5%.
Revenue in Lithuania edged down by 2.8% to 24.864 million euros and revenue in other EU countries declined by 11.8% to 25.373 million euros. Revenue in Russia this year dropped to zero, from 20.652 million euros a year earlier, while revenue in other countries soared by 85.2% to 9.843 million euros.
Vilkyskiu Pienine Gintaras Bertasius holds 51% of shares in the company, which is listed on the blue-chip Main List of the Nasdaq Vilnius stock exchange.
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