Daugavpils lokomotivju remonta rupnica
JSC “Daugavpils Lokomotīvju Remonta Rūpnīca” notice

Daugavpils lokomotivju remonta rupnica 

12.06.2014 09:41

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Regarding the statement 'Dienas bizness' from 11.06.2014. that AS DLRR 'is
hoping to direct its business from diesel locomotives repair to the spare parts
production' we would like to inform that AS DLRR was always speaking of
turnover source diversification to reduce currency risks, political risks as
well as to increase the number of clients and increase the turnover. The
abovementioned phrase means exactly the diversification of the production with
the aim of reaching half of the yearly turnover with the production of spare
parts. This is one of the main strategic aims for the further successful
development of the company. To reach the aim we are in the active phase of
purchasing new equipment in the scope of European financing project, which will
allow us not only to improve the quality of the production of the spare parts,
but also to increase spectrum of the spare parts production. The same reason
lies behind the aim to increase the European share of the turnover. 

Regarding the budget for 2014, the company is planning to reach the turnover of
not less than 30 mln EUR as well as to finish the financial year with profit. 

Regarding the 'Diesel train modernization project'. Considering that in
December the division of work was approximate, the share of the company
mentioned in the statement dated 17th of December 2013 does not correspond to
the current situation. After the beginning of the project development members
of the General partnership reached the agreement to redistribute some the work
scope to reach maximum efficiency, and total current share of the company  is
apr.9.8 mln.EUR. Each member of the partnership has its interest in the project
thus each member is interested in such distribution, which makes maximum
efficiency and minimal costs. This becomes possible only when every  member is
working in its field of expertise.
News Source: NASDAQ OMX



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Language:     English
Company:      Daugavpils lokomotivju remonta rupnica
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000101061
WKN:          
 
End of Announcement                             DGAP News-Service
 
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