Mlinotest Announces Consolidated and Non-Consolidated Earnings Results for the Nine Months of 2014
Non-consolidated net profit fell by 84.3% to around EUR 65,000 ($81,147) due to provisions for compensation payments. Revenue was almost flat at EUR 33.5 million. The reason for the decline in profit is mainly due to the EUR 417,000 in provisions for a possible compensation in a denationalization case, in which claimants demand EUR 2.8 million for the inability to use a former restaurant in Vipava.