Milkiland N.V. (“the Company”) has been informed by the Company’s auditors, namely BDO Audit and Assurance B. V., on the additional time required for issuance of an independent auditors report on the consolidated financial statements of Milkiland Group as at 31 December 2016, to be included into the Annual Report of Milkiland Group for 2016.
Milkiland published the results for the nine months of 2016.
The stagnation of the national economies of Russia and Ukraine, the Group’s key markets, together with the declining foreign trade of those countries, further deterioration of the real disposable income of their population, formed the background for Milkiland’s operations in H1 2016.
Milkiland Ukraine with the support of Milkiland Intermarket, both the subsidiaries of Milkiland Group, has concluded first contract and started supplying dry milk products produced by the Group’s Ukrainian facilities to the consumer in the PRC.
Milkiland N.V. has published its consolidated annual report for the year 2015.