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) Photo of Vladimir Ivanov (V)
SNB
Milk processing plant in the economic free zone of Kaunas (FEZ), the cooperative Ems ki cooperates with LTL 59,368 million last year. Profit 65.4% higher than in 2016 (35.901 million euros)
The net loss of the company decreased 8.4 times over the year to reach 288,800 euros, according to a report at the Registration Center.
During the third surplus quarter, will cause a sharp drop in wholesale prices of dairy products. Due to lack of milk in the first half of the year and insufficient stocks of butter, world prices for fat have reached record levels. According to Milk LT, the quantity of milk powder accumulated in the 2015-2016 milk crisis in Europe will have a negative impact on the global white market.
Last year at the end of the year, 195 employees were working at the cooperative (late 125 at the end of 2016)
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