{"id":1802,"date":"2017-06-01T18:14:17","date_gmt":"2017-06-01T15:14:17","guid":{"rendered":"https:\/\/mlkfoods.cy\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/"},"modified":"2017-06-01T18:14:17","modified_gmt":"2017-06-01T15:14:17","slug":"milkiland-published-corrected-results-for-1-st-quarter-of-2017","status":"publish","type":"post","link":"https:\/\/mlkfoods.cy\/el\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/","title":{"rendered":"Milkiland published corrected results for 1-st quarter of 2017"},"content":{"rendered":"

Some adjustments were made in the financial statements of the Group for Q1 2017, including to\u00a0the\u00a0balance sheet and profit and loss account.<\/p>\n

Comment of Oleksandr Androshchuk, CFO, Milkiland N.V.:<\/i>
\n\u201cThis year we had to publish the results for Q1 2017 before the final approval of audited annual report of Milkiland Group for 2016. Thus,\u00a0publication of the audited results of Milkiland for the full 2016 year led to several changes of the inputs for the financials for Q1 2017. Those changes, inter alia, were addressed to\u00a0the\u00a0cancellation of fixed assets revaluation for JSC \u201cOstankino Dairy\u201d in accordance with IFRS 5 for the total Group consolidation, to the input residual balance data of the fixed assets value and also to the \u2018capital\u2019 items in a balance sheet.<\/i><\/p>\n

I\u2019d like to stress, that the adjustments of the Group\u2019s financials at the P&L level were minor and\u00a0Milkiland saved a positive dynamics of the financials in the reporting period. While\u00a0the\u00a0corrected EBITDA of the Group was by c.\u00a02% lower in comparison with\u00a0the\u00a0respective result published on 15 of May 2017 and stood at c. EUR 2.4 million, the Group\u2019s net profit remained unchanged at the amount of EUR 1.1 million.
\n<\/i>
\nThe full corrected version of the Q1 2017 Report of Milkiland Group you could find by the following link:
\n<\/i>https:\/\/mlkfoods.tonic-adv.com\/upload\/iblock\/bb3\/Interim-Statement-Q1-2017-25May2017-Final-Corrigendum.pdf<\/i><\/a><\/i><\/p>\n

The information about the reason of the postponement publication of the Annual Report of Milkiland Group for 2016 you could find by the following link:\u00a0<\/i>https:\/\/mlkfoods.tonic-adv.com\/2017\/04\/24\/postponement-of-the-publication-of-the-annual-report-of-milkiland-group-for-2016\/<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some adjustments were made in the financial statements of the Group for Q1 2017, including to\u00a0the\u00a0balance sheet and profit and loss account.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[74,92],"tags":[],"acf":[],"yoast_head":"\nMilkiland published corrected results for 1-st quarter of 2017 - Mlkfoods<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mlkfoods.cy\/el\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Milkiland published corrected results for 1-st quarter of 2017 - Mlkfoods\" \/>\n<meta property=\"og:description\" content=\"Some adjustments were made in the financial statements of the Group for Q1 2017, including to\u00a0the\u00a0balance sheet and profit and loss account.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mlkfoods.cy\/el\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Mlkfoods\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-01T15:14:17+00:00\" \/>\n<meta name=\"author\" content=\"mlkfoods-user\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mlkfoods-user\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mlkfoods.cy\/el\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/\",\"url\":\"https:\/\/mlkfoods.cy\/el\/2017\/06\/01\/milkiland-published-corrected-results-for-1-st-quarter-of-2017\/\",\"name\":\"Milkiland published corrected results for 1-st quarter of 2017 - 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