Pieno Zvaigzdes, AB Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2019
May 30, 2019 at 11:00 am EDT
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Pieno Zvaigzdes, AB reported unaudited earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenue of EUR 39,259,000 against EUR 40,657,000 a year ago. Operating loss before finance costs was EUR 120,000 against EUR 364,000 a year ago. Loss for the year was EUR 341,000 against EUR 642,000 a year ago. Loss per share was EUR 0.01 against EUR 0.01 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 
