Milkiland net loss 1.7x lower in 2019

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.