Published: 2020-08-31 15:29:35 CEST
Baltic Dairy Board
Half Year financial report

Baltic Dairy Board, Ltd unaudited condensed financial statement of year 2020 6 months

Year 2020 6 month net turnover 2 458 752 EUR, 685.55% more than in year 2019 6 month. During the reporting period EBITDA in first 6 months of 2020 reached EUR 241 460 During the reporting period net loss 140 966 EUR or 547.67 % less than in the beginning of 2019., book value is  7 488 855 EUR - 6% less than in 31.12.2019.

In annual report Net turnover was 2 458 752 EUR, which is  685 55% more than it was in year  2019 6 month. The book value of  30.06.2020 is 7 488 855 EUR which is 6% less than 31.12.2019.

The company's EBITDA in first 6 months of 2020 reached EUR 241 460. In financial statement of year 2020 6 months Net loses are 140 966 EUR or 547.67 %  more than in the beginning of 2019.

Baltic Dairy Board, Ltd Type of operations:

1.         Using specific plant and equipment, research and acquired knowledge on biotechnological production processes, a specific raw material with high added value is produced - GOS powder (galacto-oligosaccharide, a product with particularly strong prebiotic properties), which is being supplied to companies in the infant and baby food sector.

2.         Baltic Dairy Board Ltd. (hereinafter - the Company) carries out in-depth processing of conventional and organic raw milk and its by-products, producing raw materials for butter, cheese, milk and whey protein powder, as well as lactose powder.

3.         In addition, the Company carries out the production and export of a demanded industrial organic niche product (Organic Milk Permeate) with high added value.

4.         Another important activity is the provision of milk, skimmed milk, whey and whey concentrate processing services to other companies.