Tallinn, Estonia, 2012-04-10 08:00 CEST (GLOBE NEWSWIRE) --
The audited consolidated turnover of Premia Foods of 2011 was 88.3 million euro. The turnover increased by 11 million euro, i.e. 14%, if compared to the previous year. Premia exceeded its turnover forecast for 2011 by 2.8 million euro, i.e. 3.3%.
The gross profit of 2011 was 22.9 million euro, having increased by 23%, i.e. 4.3 million euro, if compared to the previous year. The EBITDA from operations in 2011 was 5.7 million euro, in 2010 the respective number was 4.4 million euro. The growth, if compared to 2010, was 29%. While summarizing year 2011, Premia earned loss in amount of 0.6 million euro.
There were no significant changes in turnover and profits compared to the unaudited results of 2011 published on 21 February 2012.
On 21 February 2012, Premia Foods disclosed to the market that the Management Board has submitted its proposal to the Supervisory Board and the Annual General Meeting of shareholders to distribute 387 thousand euro, i.e. 0.01 euro per share, as dividends for the financial year 2011. With this proposal the company continues to adhere to the dividend policy disclosed in the spring 2011.
Kuldar Leis
Premia Foods
CEO
T: +372 6 033 800
kuldar.leis@premia.ee
www.premiafoods.eu
