Pieno Zvaigzdes, AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 28, 2020 at 12:00 pm EST
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Pieno Zvaigzdes, AB announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was EUR 41.718 million compared to EUR 37.820 million a year ago. Net income was EUR 136,000 compared to net loss of EUR 1.074 million a year ago. Basic eps was EUR 0 compared to basic loss per share of EUR 0.02 a year ago. For the full year, sales was EUR 170.596 million compared to EUR 168.662 million a year ago. Net income was EUR 4.045 million compared to EUR 2.198 million a year ago. Basic earnings per share was EUR 0.09 compared to EUR 0.05 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 
