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Pieno Zvaigzdes Nine-Month Net Drops 1.5%, Revenue Falls 1.6%

Nov. 30 (Bloomberg) -- Pieno Zvaigzdes AB, Lithuania’s second-biggest dairy company, said nine-month profit fell 1.5 percent from a year earlier, without elaborating on the decline.

Net income for the first nine months dropped to 9.8 million litai ($3.7 million) from 9.9 million litai, the Vilnius-based company said today in a statement to the stock exchange. Revenue fell 1.6 percent to 453.6 million litai, the company said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

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