Premia Foods 2nd-Quarter Profit Rises 38% on Ice-Cream Unit

AS Premia Foods, the largest Baltic frozen-food producer, said second-quarter profit rose 38 percent from a year earlier, helped mainly by its ice-cream unit.

Net income rose to 1.1 million euros ($1.6 million) from 758,000 euros a year earlier, the Tallinn-based company said in a regulatory statement today. Revenue rose 30 percent to 27.6 million euros.

The company’s ice-cream unit, boosted by the acquisition of Saint Petersburg, Russia-based OOO Khladokombinat No. 1 in May last year, increased gross profit by 41 percent from a year earlier to 5.3 million euros.

To contact the reporter on this story: Ott Ummelas in Tallinn at

To contact the editor responsible for this story: Balazs Penz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.