KRIKRI Milk Industry Announces Financial Statements for the Fiscal Year 2015; Proposes Gross Dividend for the Fiscal Year 2015
March 30, 2016
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KRIKRI Milk Industry announced financial statements for the fiscal year 2015. Turnover of products amounted EUR 66,744,000 against EUR 62,950,000 of 2014 (an increase of +6%). It should be mentioned that the turnover figure for the comparative period, as presented on the statement of comprehensive income (EUR 77,150,000), also includes a figure of EUR 14,200,000 relating to sales of raw materials to outsourcing partners. Ebitda amounted EUR 7,311,000 against EUR 6,192,000 of 2014 (+18.1% year on year). Profit before tax amounted EUR 4,295,000 against EUR 4,657,000 of 2014 (7.8% year on year). Net profit after tax amounted EUR 3,843,000 against EUR 3,571,000 of 2014 (+7.6% year on year). It should be noted that, in 2015, there was a charge of EUR 1,700,000 for bad debt provision, in response to the economic difficulties that many major Greek retailers face. Also, it should be mentioned that comparative period's income statement includes a nonrecurring amount of EUR 976,000 resulting from the settlement of insurance claim.
For the fiscal year 2015, the Board of Directors decided to propose to the Annual General Meeting the distribution of gross dividend of EUR 0.06 per share against EUR 0.06 per share in 2014. This distribution is subject to approval by the Annual General Meeting.
Kri Kri Milk Industry SA is a Greece-based company principally engaged in the production and trade of ice cream, yogurt and milk. The ice cream production includes five product lines: Cones, Ice Cream Cups, Scoop Ice Cream, Sticks, and Ice Cream Sandwiches. The yogurt production includes five product lines: Plain, Traditional, Catering, Fruit, and flavored yogurt for children under the brand name Scooby Doo. The milk production includes four products: Full cream pasteurized milk 3.5% Fat, Semi-skimmed pasteurized milk 1.5% Fat, Chocolate skimmed milk 0% Fat, and AYRAN (KEFIR) KRI-KRI. The Company also offers some of its products in family packs. KRI-KRI Milk S.A. is also active in the Balkans region through 71%-owned subsidiary KRI-KRI DOO Kumanovo, in Macedonia which has an autonomous production line of ice cream and yogurt, warehouses and cooling chambers. In February 2013, the Company dissolved its subsidiary in Bulgaria, KRI KRI BULGARIA A.D.
KRI-KRI MILK INDUSTRY S.A. 
