Milkiland N.V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Milkiland N.V. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company reported revenue was EUR 36,915,000 compared to EUR 36,465,000 a year ago. Operating profit was EUR 3,613,000 compared to EUR 1,000 a year ago. Profit before tax was EUR 1,117,000 compared to loss of EUR 16,194,000 a year ago. Net profit for the year was EUR 1,114,000 compared to loss of EUR 16,442,000 a year ago. Loss attributable to owners of the company was EUR 1,183,000 compared to loss of EUR 16,328,000 a year ago. Earnings per share were 3.79 cent compared to loss of 52.25 cent a year ago. Net cash provided by operating activities was EUR 4,407,000 compared to EUR 921,000 a year ago. Acquisition of property, plant and equipment was EUR 598,000 compared to EUR 816,000 a year ago.