Milkiland: net loss up 300% in H1 2020

01 September 2020

Milkiland, a large-scale dairy producer with operations in Ukraine and Russia, reported net loss of $27.2 million in H1 2020, a 310% increase as compared to H1 2019. Meanwhile, the company’s revenue decreased 44% to $44.3 million, and gross profit declined 32% to $7 million within the same period of time. EBITDA fell 80% to $131,700. Milkiland reports that its financial results were affected by a global Covid-19 outbreak.

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