Milkiland to reinvest 100% of 2010 profit
7 July 2011
At an AGM in June shareholders of Milkiland, the fourth largest dairy producer in the CIS, decided to plough back 100% of its 2010 profits, EUR 22 mln, the company reported yesterday. Shareholders also authorized the board to issue up to 10% of new shares (20% in case of acquisition) within the next 18 months. Yegor Samusenko: Both decisions come in line with our expectations, given the company’s growth ambitions.
