MLK FOODS PUBLIC COMPANY LTD Milkiland NV reported consolidated earnings results for the year ended December 31, 2015. Revenue declined 34% to EUR 191.5 million. Despite optimization in operating costs, lower gross profit resulted in the Group's operating loss of EUR 26.9 million and in a 42% decrease in the consolidated EBITDA to EUR 9.9 million.
As a result of the considerable foreign exchange loss, the Group recognized a loss before tax of EUR 73.1 million. Net loss for 2015 accounted for EUR 73.3 million. Net Debt stood at EUR 106.6 million as of December 31, 2015.
