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News / Milkiland N.V.

Milkiland supported the profitability of the business in the 9 months of 2017

Press Release

Kyiv, November 15, 2017 - Milkiland publishes the results for the nine months of 2017

In 9 months 2017 Milkiland put an additional efforts aimed at preserving of profitability of the business by selling of high value-added dairy, as well as at the entering of new export markets and catching the opportunities of profitable international trade in the global dairy market.

Milkiland made another important step towards the settlement of the relations with the Group’s creditors

On 29 of September 2017, the loan amendment agreement to Loan facility agreement between PJSC “First Ukrainian International Bank” and the Group’s subsidiary, LLC “Milkiland Ukraine”, on restructuring of the indebtedness to this creditor, was signed.

Changes in the Board of Directors of Milkiland N.V.

Mr. Pavlo Sheremeta was appointed as a Non-executive director of the Board of Directors of Milkiland N.V. at the Annual General Shareholders Meeting of the Company held on 30 June 2017 in Amsterdam.

Milkiland published corrected results for 1-st quarter of 2017

Some adjustments were made in the financial statements of the Group for Q1 2017, including to the balance sheet and profit and loss account.