OREANDA-NEWS. Year 2016 6 month net turnover 7 304 889 EUR, 124% more than in year 2015 6 month. During the reporting period net loss 1 112 340  EUR, 2015.06.30 book value 10 912 584 EUR - 8% more than in year 2015.

"Baltic Dairy Board" factory was put into operation on December 22, 2015, production launch on January 15, 2016. Baltic Dairy Board, Ltd main type of activity is raw milk and other dairy side product processing. Manufactured raw materials are then being used for end products like butter, milk protein powder and yeast products. Main goal is to establish own drying facility by 2018 with capability to dry own liquids and offer drying services to other dairy companies.

In annual report Net turnover was 7 304 889 EUR, which is 124% more than it was in year  2015 6 month. This drop was according to price drop for all dairy products and downfall in dairy industry itself. 

The book value of  30.06.2016 is 10 912 584  9EUR which is 8% more than 31.12.2015.

In financial statement of year 2016 6 months Net loses are 1 112 340  EUR. The losses were incurred in the first four months of production.