OREANDA-NEWS.Dairy group Vilkyskiu Pienine’s sales came to LTL 278m in nine months this year, up 5.2 pct year-on-year. However, revenues distributed unevenly throughout the 9 months, as H1 sales were LTL 192m, up 22 pct year-on-year, while Q3 sales were down 19 pct y-o-y to LTL 86.6m. The decline was caused by a slump in dairy product prices on global markets and the Russian Federation embargo on food imports from Europe.

As a result, the group’s nine-month consolidated unaudited net profit was LTL 4.8m, just half of the result for the same period in 2013.

The Q3 profit (LTL 979,000) distribution by month was a LTL 2.2m profit in July, a LTLT 1.1m loss in August due to the Russian embargo, and a LTL 0.1m loss in September, following stabilisation in the company’s operations.