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.

Comment by Anatoliy Yurkevych, CEO, Milkiland N.V.:
“We spent the year 2015 in the situation when several unfavourable factors, including further deterioration of macro-economic conditions in Ukraine, as well as stagnation of the Russian economy, existing conflict between Russia and Ukraine, fall of global dairy prices had a significant pressure on the Group’s performance and financial results.