Milkiland NV announced earnings results for the nine months of 2013. For the nine months, the company reported that revenues of EUR 245.2 million driven by better sales in the WMP and ingredients segments both in Ukraine and Russia. Gross profit stable at EUR 56.4 million due to higher affective raw milk prices in both countries.

EBITDA of EUR 23.1 million, mainly driven by higher cost of sales and operating expenses. Net profit decreased to EUR 11.1 million. The revenue increase mainly due to fast growth in raw milk prices that were not immediately followed by respective increase in selling prices.

Lower operating profit contributed to a decrease in the profit before tax from EUR 14.1 million to EUR 12.0 million. Net profit declined to EUR 11.0 million.