Daugavpils lokomotivju remonta rupnica
JSC ‘Daugavpils Lokomotīvju Remonta Rūpnīca’ Unaudited Consolidated Interim Report of 3 months 2015

DGAP-News: Daugavpils lokomotivju remonta rupnica

2015-05-28 / 07:49

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Daugavpils, 2015-05-28 07:49 CEST (GLOBE NEWSWIRE) -- JSC 'Daugavpils
Lokomotīvju Remonta Rūpnīca' Unaudited Consolidated Interim Report of 3 months
2015 

Basic activity of AS 'DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA'  is railway
rolling stock overhaul repair, maintenance and upgrade, manufacturing and
repair of its spare parts. AS 'DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA' provides
a repair services of all types of railway rolling stock - diesel - electric
locomotives and electric trains. 

During the 3 month period in 2015 the consolidated net sales of the Group       
 amounted to 3,6 million EUR                                                    
(52,3 % decrease in respect of net sales in the respective period in 2014).     
The Group completed the 3 month period  in 2015 with a loss of 0,9 million EUR. 
 During the period the Group                                                    
exported its products to 9 countries, the total export volume amounted to 2,7   
 million EUR (in similar period                                                 
in 2014 - 7,1 million EUR). The main directions of export in reporting period   
 were EU countries: Estonia,                                                    
Poland and Lithuania, and the third countries: Russia, Uzbekistan.              

In 2 of March 2015 the company implemented the ERAF project; the new equipment
is placed in service and handed over the final report of LIAA. Big losses are
related first of all to the conclusion of project in Russian rubles, as well as
the reason was that the company was not provided with orders to full capacity,
therefore, to increase the company's operations economic efficiency, the
proceedings reorganization, proceedings processes optimization and the reduce
of current spending were carried out. To reduce spending the company plans : to
increase sales outside the Russian market part, including the purpose to avoid
currency risks; to increase turnover part, which is not related to diesel
locomotives repair; to receive EU financing and partly to discharge a debt to
the bank with the aim of reducing of credit spending. 



                         Notes  01.01.2015 - 31.03.2015  01.01.2014 - 31.03.2014
                                                EUR                      EUR    
                                                                                
Net sales                  (1)                3 609 914                7 652 230
                                                                                
Cost of sales              (2)              (3 808 058)              (6 596 251)
                                                                                
Gross profit (loss)                           (198 144)                1 055 979
                               -------------------------------------------------
                                                                                
Distribution expenses      (2)                 (56 169)                 (63 175)
                                                                                
Administrative expenses    (2)                (617 468)                (748 432)
                                                                                
Other income                                     30 068                    3 260
                                                                                
Other expenses                                 (19 704)                  (4 409)
                                                                                
Net finance income and                         (61 251)                   35 678
 loss                                                                           
                                                                                
                               -------------------------------------------------
Profit (loss) before                          (922 668)                  278 901
 tax                                                                            
                               -------------------------------------------------
                                                                                
Net profit (loss)                             (922 668)                  278 901
                               -------------------------------------------------
                                                                
Attributable to:                                                
Equity holders of a                           (922 668)                  278 901
 parent company                                                                 
Minority interest                                     -                        -
                                                                                
Earnings per share (in                                                          
 cents)                                                                         
Basic                                            (0.11)                     0.03
Diluted                                          (0.11)                     0.03
                                                                                
Total comprehensive                           (922 668)                  278 901
 income (expense)                                                               
                               -------------------------------------------------
                                                                                
Attributable to:                                                
Equity holders of a                           (922 668)                  278 901
 parent company                                                                 
Minority interest                                     -                        -



Natālija Petrova

Member of the Board

t. 65404420, petrova@dlrz.lv
News Source: NASDAQ OMX



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2015-05-28 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                 
Company:     Daugavpils lokomotivju remonta rupnica  
 
 
             Latvia                                  
ISIN:        LV0000101061                            
 
 
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362447 2015-05-28