Rokiskio Suris — Interim / Quarterly Report 2014

Feb 27, 2015

Non-audited consolidated interim financial statements for 12 months of the year 2014

Non-audited consolidated interim financial statements for 12 months of the year 2014

AB "Rokiskio suris", Pramones str.3, Rokiskis, Lithuania, 2015-02-27 15:56 CET
(GLOBE NEWSWIRE) -- Non-audited consolidated sales of AB „Rokiškio sūris“ Group
for the period of 12 months of the year 2014 made LTL 860.613m (EUR 249.251m),
i.e. 0.09 per cent less than in the same period last year. Audited consolidated
sales for the period of 12 months of the year 2013 made LTL 861.355m. (EUR
249.466m.).

Within 12 months 2014, the Group of AB „Rokiškio sūris“ made a net loss of LTL
1.325m (EUR 0.384m). In 12 months 2013, the Group made LTL 32.785m (EUR 9.495m)
of consolidated audited net profit.

Mainly the lower profit was caused by crisis in the world dairy market, which
started in spring 2014, and which was strengthened by the Russian embargo on
import of food products from the EU (herewith Lithuania).

The Group managed to maintain the same level of sales as last year despite the
fall of export prices of the main dairy products by 40 per cent. Dramatic
decrease of export prices however affected the profit results of the Group very
much. The company could not abandon selling unprofitably in the export markets
as it had to pursue its commitments to farmers and to purchase contracted
volumes of raw milk.

     Dalius Trumpa
     Board Chairman
     +370 458 55200

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