February 28, 2017 / 5:31 PM / 6 months ago

BRIEF-Pieno Zvaigzdes FY 2016 net profit falls to 1.71 mln euros

Feb 28 (Reuters) - Pieno Zvaigzdes AB:

* FY 2016 turnover at 150.1 million euros ($159.42 million) versus 163.8 million euros year ago

* FY 2016 net profit at 1.71 million euros versus 2.66 million euros year ago

* Says it has plans to invest in production modernization about 11 million euros over the year 2017

* Says it expects that new investments will allow it to achieve about 10 percent of sales growth during year 2017

Source text: bit.ly/2lkSKxa

Further company coverage: ($1 = 0.9415 euros) (Gdynia Newsroom)

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