Unaudited financial results of Vilkyskiu pienine, AB for the nine months of 2014
Dairy group Vilkyškių Pieninė’s sales came to LTL 278m in nine months this year, up 5.2 pct year-on-year. However, revenues distributed unevenly throughout the 9 months, as H1 sales were LTL 192m, up 22 pct year-on-year, while Q3 sales were down 19 pct y-o-y to LTL 86.6m. The decline was caused by a slump in dairy product prices on global markets and the Russian Federation embargo on food imports from Europe.
As a result, the group’s nine-month consolidated unaudited net profit was LTL 4.8m, just half of the result for the same period in 2013.
The Q3 profit (LTL 979,000) distribution by month was a LTL 2.2m profit in July, a LTLT 1.1m loss in August due to the Russian embargo, and a LTL 0.1m loss in September, following stabilisation in the company’s operations.
Economic and finance Director
Tel.: +370 441 55 102