Milkiland: net loss down 45% in 2019
07 May 2020
Milkiland, a large-scale dairy producer with major operations in Ukraine, reduced its net loss 45% to $12.5 million in 2019, as compared to net loss of $22.5 million in 2018. At the same time, revenue decreased 5% to $135.8 million, and gross profit declined 15% to $17.8 million within the same period. EBITDA dropped 72.5% from $2.3 million to $632,063. Operating loss amounted to $22 million in 2019. As of late April 2020, Milkiland’s capitalization was estimated at $3 million.