Milkiland reduced losses 5 times in 2017
02 May 2018
Milkiland, a dairy holding with operations in Ukraine, Russia, and Poland, decreased its revenue by 4% in 2017 compared to 2016 to € 140 million. Net loss declined by 5 times and amounted to € 7.3 million. Gross profit grew by 12% to €23.7 million. The EBITDA increased by almost 90% to € 10.3 million. These results give grounds to the management to report recovery from the consequences of the crisis that began in 2014.