Marketing costs drive Olainfarm into the red in first nine months
This article was originally published in Scrip
Executive Summary
Although Olainfarm's sales increased by 14% to €21.4 million in the first nine months of this year, the company made a net loss of €1.9 million compared with a €981,000 net profit in the same period last year. The company's earnings before interest, tax, depreciation and amortisation fell by 56% to €1.7 million.