Brief: Milkiland Says Invasion Of Ukraine Has Significantly Affected Co's Business

Mlk Foods Public

15/03/2022 07:59

March 15 (Reuters) - Milkiland NV  MLK.WA :
    * SAID ON MONDAY THAT BOD OF MLK FOODS PUBLIC COMPANY
INFORMS THAT
FULL SCALE MILITARY INVASION OF RUSSIAN FEDERATION TO UKRAINE
HAS SIGNIFICANTLY AFFECTED BUSINESS OF COMPANY ITSELF AND MLK
FOODS GROUP ON CONSOLIDATED LEVEL
    * SEVERAL KEY PRODUCTION ASSETS OF GROUP ARE LOCATED IN
CHERNIHIV
AND SUMY REGIONS, WHICH BECAME TERRITORIES OF ACTIVE FIGHTING
    * A LOT OF PERSONNEL, INCLUDING IN MAIN OFFICE OF GROUP IN
KYIV,
WERE EVACUATED AND/OR DISPLACED
    * TAKING INTO ACCOUNT SOCIAL OBLIGATIONS OF COMPANY, AS
PRODUCER
OF FOOD PRODUCTS FOR UKRAINIANS, COMPANY HAS BEEN CONTINUING
OPERATIONS ON SEVERAL PRODUCTION ASSETS IN COUNTRY, ALSO TRYING
TO CHANGE ITS BUSINESS PROCESSES IN LINE WITH DIFFICULT
CONDITIONS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6cgdSla
 Further company coverage:  MLK.WA  

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