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Milkiland net loss 1.7x lower in 2019
4 May 2020, 10:26
In 2019, Milkiland net loss amounted to EUR 11.6 mln, 1.73x lower from 2018 (EUR 20.09 mln).
According to the company's report, revenue in the period decreased by 5% to EUR 125.76 mln (2018: EUR 132.6 mln).
Milkiland's gross profit totalled EUR 16.46 mln (2018: EUR 19.51 mln). Operating loss for 2019 stood at EUR 20.44 mln.
EBITDA dropped 3.6x from EUR 2.12 mln to EUR 585 thou.
Earnings per share equalled EUR (0.37), 42% less from 2018 (EUR (0.64).
As of April 30, the company's capitalization came to USD 3 mln.
