Brief: Milkiland Q1 net loss narrows to 16.3 mln euros yoy

Mlk Foods Public

16/05/2016 09:28

May 16 (Reuters) - Milkiland SA  MLK.WA : 
    * Said on Saturday that it reported Q1 revenue of 36.5 
million euros ($41.3 million) versus 46.7 million euros a year 
ago 
    * Q1 net loss was 16.3 million euros versus a loss of 34.9 
million euros a year ago 
    * In Q1 whole-milk diary segment revenue decilned 19 pct yoy 
to 22.3 million euros due key operational currencies devaluation 
    * In Q1 cheese & butter segment revenue decreased by about 
22 pct, to 11.2 million euros due to volume contraction and 
operational currencies devaluation 
    * Said reported 22 pct drop of consolidated revenues due to 
absence of cheese exports from Ukraine and Poland to Russia, 
unfavorable pricing for dry milk products in the global dairy 
market, as well as further Ukrainian hryvnia and Russian rouble 
devaluation   
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1437569 
     
 Further company coverage:  MLK.WA   
    
 
 
 
($1 = 0.8835 euros) 
 
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