Milkiland Ukraine with the support of Milkiland Intermarket, both the subsidiaries of Milkiland Group, has concluded the first contract and started supplies of butter produced by the Group’s Ukrainian facilities to the consumer in PRC. The Group also continues the supplies to China of dry milk products in order to further develop the distribution network in this country.
In first quarter of the year 2018, Milkiland Group delivered the positive financial result of the business, both at EBITDA and Net profit levels.
After 2017, Milkiland’s management are now more confident to state that the Group is successfully withstanding challenges put to its business back in 2014, when Ukraine-Russia conflict instantly deprived us the key export market of Russia and depressed our financials, thus generating the significant losses.