Volfas Engelman's first-half operating profit slumped down to 221,000 euros, from 639,000 euros a year ago, Olvi said in its report for the six months.
The Kaunas-based company's total first-half sales declined by 11.7 percent year-on-year to 31.953 million liters. Sales of soft drinks, including kvass, rose, while beer and cider sales fell.
Olvi holds 99.57 percent of shares in Volfas Engelman.
(EUR 1 = LTL 3.45)
