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Article: Ostankino Dairy Plant posts loss of 50 mln rubles in Jan-Sept.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- November 28, 2007
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Ostankino Dairy Plant posts loss of 50 mln rubles in Jan-Sept
MOSCOW. Nov 28 (Interfax) - Ostankino Dairy Plant increased revenue by 11.5% year-on-year to 1.69 billion rubles in the first nine months of 2007, but it had a net loss of 49 million rubles, compared to a net profit of 92 million rubles in the same period last year, the company's head of strategic development, Spartak Zabolotsky told Interfax.
The loss was due primarily to a steep increase in prices for raw milk, he said. "Raw milk went up in price by more than 100% in the past year, while the price of finished products rose by just 25%," ...