According to the official report released on New Connect by the company, Cereal Planet ended 4th quarter of 2014 with net sales revenue of EUR 8 thousand. Company’s result for the same period of 2013 is reported at 0, which indicates that the company was either not operating during the period or did not make any sales on record. Selling and administrative costs were reported at EUR -122 thousand, compared to EUR -52 thousand for the same period of 2012. Reported loss for the fourth quarter is estimated at EUR -113 thousand compared to EUR -52 thousand for Q4 2012. Several news sources also reported that company released its 2013 annual financial results with net revenue reported at EUR 1 067 million. At the moment. audited financial statements were not made public at official website of the company. Therefore, we might conclude that current results might be adjusted in the future.

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Author: Alex Morgun, Financial analyst, UkrAgroConsult