Baltic Mill raises FY consolidated profit 3.6 times
2016-09-04, 11:44
Published in
Economy
Photo by M. Paluskevic
Consolidated net profits of Baltic Mill, the Baltic milling group, stood at 852,000 euros in the past financial year, up by a factor of 3.6, from 238,000 euros, in the year before, Baltic Mill informs in a statement to the Nasdaq Vilnius stock exchange. In the past financial year, which starts on July 1 and ends on June 30 the following year, the group's consolidated revenue from sales went up by 5.2% to 56.39 mln euros, Baltic Mill controls Malsena Plius (99.75%) and Amber Pasta (50%) in Lithuania, as well as Latvia's Rigas Dzirnavnieks (96.08%) and Estonia's Balti Veski (100%). Amber Trust II, a fund investing in the Baltic countries, holds a 64.75% stake in Baltic Mill.
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