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The net loss of the company for the year decreased by 8.4 times to 288.8 thousand.
"In the third quarter of last year, the world's milk surplus was formed, resulting in a sharp decline in the prices of wholesale dairy products. In the first half of the year and the lack of sufficient butter reserves, world fat prices reached record levels According to the company Piena LT, the milk supply crisis in Europe over the period 2015-2016 had a negative impact on the global protein market, according to the company's annual report.
By the end of last year, the cooperative employed 195 people (125 at the end of 2016)
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