Pieno zvaigzdes AB, not audited financial results for the first six months of 2012
Vilnius, Lithuania, 2012-08-23 15:30 CEST --
Based on preliminary unaudited results Company‘s sales over six months in 2012 accounted to LTL 360.9 million (EUR 104.5 million), 7.0% higher compare to a year ago. Sales resulted over six months in 2011 were LTL 337.2 million (EUR 97.7 million). Sales increased in both domestic and export markets. Export volumes increased by 10% and domestic sales increased by 4%.
Over the six months of the year Company’s EBITDA accounted to LTL 25.1 million (EUR 7.3 million) and decreased by 19% compare with EBITDA of LTL 31.1 million (EUR 9.0 million) a year ago. The Company earned a net profit of LTL 6.6 million (EUR 1.9 million) or 40% less compared to a net profit of LTL 11.1 million (EUR 3.2 million) over same period in 2011. Decrease of milk products prices in export markets had the major impact on Company’s profit decrease.
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