Published: 2019-08-30 14:11:07 CEST
Baltic Dairy Board
Half Year financial report

Baltic Dairy Board, Ltd unaudited financial statement for the first 6 months of 2019

Net turnover for the first 6 months of 2019 is 358 657 EUR, 58% less compared to the first 6 months of 2018. During the reporting period net loss 912 2749 EUR or 5 % more than in the beginning of 2018. , book value is  8 186 051 EUR - 4% less than in 31.12.2018.

"Baltic Dairy Board" factory was put into operation on 22 December 2015, production launch on January 15, 2016. SIA Baltic Dairy Board main operations are related to the production of in-depth processed organic raw milk and its components, the production and supply of specific raw materials (GOS powder) to the leading global infant food producers. Organic raw materials produced on site are exported to producers of organic butter, milk protein powder (MCP85 ) and organic lactose, as well company provides production service for organic products, skimmed milk and whey concentrates (SWC) when producing raw materials of whey protein (WPC80).

The main goal for the early 2020 is to significantly increase existing export of  GOS products, including Asian countries, and to start supplying organic GOS syrup to the leading infant food producers.

 In annual report Net turnover was 358 657 EUR, which is 58% less than it was in the first half of  2018. This drop was according to price drop for all dairy products and downfall in dairy industry itself. 

The book value of  30.06.2019 is 8 186 051 EUR which is 5% less than 31.12.2018.

In financial statement of the first part of 2019 Net loses are 912 279   EUR or 5 %  more than in the beginning of 2018. 

         Additional information:
         Kaspars Kazaks
         Member of the Board
         Phone +371 26010072

BDB_unaudited_condensed_fin._statement_6 months_ENG.PDF