The company MYLOI LOULI SA is making clarifications about the impact of the Ukrainian crisis. at the request of the Hellenic Capital Market Commission.
“As far as sales to the countries involved are concerned, the Group does not have a significant report as its sales to them are negligible”, the listed company states in a relevant announcement and adds:
“Regarding the purchase of cereals from these countries and especially from Russia, during the previous year they constituted 17% of the value of the total cereals milled by the Group. The Group imports raw materials from several countries and thus has alternatives in case which cannot be procured from the countries involved.
At the present time it is not possible to estimate the potential impact on the turnover, results and financial position of the Group, as we can not yet predict the medium-term results of the current engagement.
The company is constantly monitoring the developments in order to take the appropriate measures for the smooth continuation of its activity. ”
Source: Capital
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