Pieno Zvaigzdes, AB Reports Audited Earnings Results for the Year Ended December 31, 2018
April 26, 2019 at 08:30 pm IST
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Pieno Zvaigzdes, AB reported audited earnings results for the year ended December 31, 2018. For the year, the company reported revenue of EUR 168,662,000 against EUR 167,753,000 a year ago. Profit from operations was EUR 2,493,000 against loss from operations of EUR 2,667,000 a year ago. Profit for the period was EUR 2,198,000 against loss of EUR 1,728,000 a year ago. Basic earnings per share were EUR 0.05 against loss per share of EUR 0.04 a year ago.
Pieno Zvaigzdes AB (Pieno Zvaigzdes JSC) is a Lithuania-based company involved in the production and sale of dairy products. Its product portfolio covers more than 500 different products, including milk, fermented milk and cheese, butter, cream, curd, yogurts, milk-based deserts, cottage and enzyme cheese, sour cream, ice cream and other milk products. The Company also produces low-fat milk powder and whey powder. The Company has four branches located in Mazeikiai, Pasvalys, Kaunas and Panevezys. The Company distributes its products through retail stores and distributors. Pieno Zvaigzdes AB sells its products domestically, the Russian Federation and the European Union countries. It holds such trademarks as: Bios, Baltija, Gamtos, Biola, MU, Kastinys and Smilga, among others. As of December 31, 2012, the Companyâs major corporate shareholder was Skandinaviska Enskilda Banken AB with a stake of 13.69%.
AB PIENO ZVAIGZDES 
