FirstFarms A/S reported audited group and parent earnings results for the year ended December 31, 2011. On group basis, for the year, the company reported turnover of DKK 129,331,000 against DKK 85,130,000 a year ago. EBIT was DKK 17,088,000 against LBIT of DKK 7,932,000 a year ago. Pre-tax result was DKK 10,761,000 against pre-tax loss of DKK 11,926,000 a year ago. Net profit was DKK 9,003,000 or DKK 1.91 per diluted share against net loss of DKK 9,268,000 or DKK 1.97 per diluted share a year ago. Cash flow from operating activities was DKK 10,143,000 against DKK 15,853,000 a year ago. Acquisition of material assets was DKK 14,445,000 against DKK 33,576,000 a year ago. EBITDA was DKK 35.4 million. The interest-bearing debt as on December 31, 2011 was DKK 83 million. Return on shareholders' equity was 2.6% against negative return on shareholders' equity of 2.7% a year ago. On parent basis, for the year, the company reported turnover of DKK 286,000 against DKK 384,000 a year ago. LBIT was DKK 5,265,000 against DKK 8,850,000 a year ago. Pre-tax result was DKK 3,068,000 against DKK 6,656,000 a year ago. Net profit was DKK 2,294,000 against DKK 4,992,000 a year ago. Cash outflow from operating activities was DKK 8,141,000 against DKK 7,851,000 a year ago. Acquisition of financial assets was DKK 99,911,000 against DKK 59,544,000 a year ago. In 2012, the company expects a turnover and an EBIT result on par with 2011. In 2012, the company expects that the milk production is getting back on a satisfactory level after completion of the stables in 2011. Entering 2012, the level is not satisfactory but the production is increasing and is expected to get closer to the requested level at the end of the year. In 2012, there will be focus on continued efficiency measures and cost adjustments. A total milk delivery of 26.5 million kg is expected in 2012 compared to 22.2 million kg in 2011, an increase of 19%. An average milk price of DKK 2.58 per kg is expected, inclusive extra charge for fat and protein. The cultivated area in Romania is expected to be increased with approximately 150 hectares to approximately 4,250 hectares, whereas the cultivated area in Slovakia is expected to be on the same level as in 2011, namely 8,300 hectares.