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Milkiland to reinvest 100% of 2010 profit

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.

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