Kyiv, 31 October 2011 – In its survey “Corporate Governance in Ukraine: Passing go”, Concorde Capital rated Milkiland TOP-10 in terms of quality of the corporate governance system and its value for the minority shareholders and investors.
The rating included 114 Ukrainian public companies listed at various trading floors. It was based on the set of criteria relevant to decision making while investing in Ukrainian equities: (1) reporting and discloser, (2) minority shareholders concerns, (3) quality of investor relations.
Based on the assessment of all of the criteria, Milkiland obtained the highest “Quality” rank as a company with high quality of IFRS reporting, transparent corporate structure, low risks for minority shareholders and good investor relations.
Comment by Anatoliy Yurkevich, Chairman of the Board of Directors, Milkiland N.V.:
“Openness and transparency are among our key values. We try hard to keep our shareholders and potential investors updated about recent news and developments; and we are glad to see that our efforts are started to be recognized.”
About Milkiland N.V.
Milkiland is a TOP-5 diversified dairy producer operating in Russia and Ukraine offering a wide range of dairy products such as fresh dairy, cheese, and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.
In Russia, the company produces fresh dairy products at Moscow-based OJSC “Ostankino Milk Combine” and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is sold in many Russian cities, including Moscow, St. Petersburg, Voronezh, Nizhniy Novgorod, Saratov, Kaluga, Chelyabinsk, Orel, Ekaterinburg, Omsk, and Kaliningrad.
In Ukraine, the company controls 10 plants producing wide range of dairy products. Its cheese, fresh dairy products and butter are widely available across all Ukrainian cities under brands Dobryana and Kolyada. Milkiland exports dairy products from Ukraine to over 30 countries.
The revenue of the company in the year 2010 was EUR 258mn, net profit EUR 22mn.
Milkiland N.V. is a Dutch holding company controlling the Group. DE “Milkiland Ukraine” is its 100% subsidiary controlling the business of the Group in Ukraine. Shares of Milkiland N.V. have been listed on the Warsaw Stock Exchange since December, 6, 2010.
About Concorde Capital
Concorde Capital is one of the leading investment companies in Ukraine founded in 2004. It provides a full range of brokerage, investment banking, and asset management. The company assisted to Ukrainian businesses to attract more than 2 USD billion from the international capital market.
For more information please contact:
Sergey Trifonov, IR Officer of Milkiland N.V.
tel. + 380 67 327 9838