Published: 2018-09-25 16:00:00 CEST
Pieno Zvaigzdes
Half-Yearly information

Pieno zvaigzdes AB, not audited financial results for the first six months of 2018

Based on preliminary unaudited results Company‘s sales over first six months in 2018 accounted to 86.5 million EUR, or 6.9% higher compare to a year ago. Sales resulted over first six months in 2017 were 80.9 million EUR.

Over the first six months of the year Company’s EBITDA accounted to 5.4 million EUR and increased more than three times compare with EBITDA of 1.6 million EUR a year ago.

Company‘s net profit over the first six months of 2018 was 1.4 million EUR compare with a 0.75 million EUR loss accounted over first six months of 2017.

The company's management gives positive evaluation to the results of the half-year, because despite the sluggish export markets and steadily rising payroll costs, the company made a profitable start in the first half of this year.



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