Performance results of Rokiskio suris, AB for six months 2019
The 6 months 2019 consolidated non-audited sales of the group of Rokiskio suris AB made kEUR 89,168 in the period of January-June 2019, which is lower by 12.75 percent compared to the same period last year (kEUR 102,202).
Profit before interest, taxes, depreciation and amortization (EBITDA) of AB Rokiskio suris increased more than 13 times in six months, i.e. from kEUR 206 last year to mEUR 2.793 this year.
Consolidated non-audited loss of the group of Rokiskio suris AB in the reported period decreased 2.3 times compared to the analogous period last year, i.e. from mEUR 3.685 to mEUR 1.570.
The decline in revenue in January-June 2019, was due to the decision of the company and it’s strategic partner New Zealand dairy company Fonterra to modify the company’s strategy and to focus on long-ripened hard cheese.
The already manufactured hard cheeses may be marketed only after maturation for at least one year. In the year since July last year, production worth EUR 32.4 million has yet to be sold. Meanwhile, the cost of producing these cheeses has already been incurred.
Attached:
- The company’s consolidated non-audited interim report and consolidated financial statements for six months ended June 30, 2019.
- Endorsement of responsible persons.
Dalius Trumpa, CEO
Attachments
