Milkiland doubled net loss in Q1 2020

18 May 2020

Milkiland, a large-scale dairy producer with operations in Ukraine, Russia, and Poland, posted net loss of $8.3 million in Q1 2020, an increase of 108% as compared to $4 million in Q1 2019. EBITDA fell 560% from negative $240,900 to negative $1.4 million. Revenue decreased 23% to $24.7 million in Q1 2020, as compared to Q1 2019. Gross profit comprised $2.5 million, while operational loss was $3.1 million in Q1 2020. 

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