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01.09.2016 Baltic Mill raises FY consolidated profit 3.6 times

Consolidated net profits of Baltic Mill, the Baltic millinggroup, stood at 852,000 euros in the past financial year, up by a factor of3.6, from 238,000 euros, in the year before, Baltic Mill informs in a statementto the Nasdaq Vilnius stock exchange.

In the past financial year, which starts on July 1 and endson June 30 the following year, the group's consolidated revenue from sales wentup by 5.2% to 56.39 mln euros,

Baltic Mill controls Malsena Plius (99.75%) and Amber Pasta(50%) in Lithuania, as well as Latvia's Rigas Dzirnavnieks (96.08%) andEstonia's Balti Veski (100%).

Amber Trust II, a fund investing in the Baltic countries,holds a 64.75% stake in Baltic Mill.

 
 
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