Siguldas CMAS
Siguldas CMAS JSC Unaudited Interim Report for 12 Months of 2014
DGAP-News: Siguldas CMAS 2015-02-27 / 15:09 --------------------------------------------------------------------- In 2014 the turnover of the JSC 'Siguldas ciltslietu un mākslīgās apsēklošanas stacija' had increased by 5.6%, compared to the previous year, reaching 1.1 million EUR, whereas the profit reached 155.9 thousand EUR. The Company's net turnover in 2014 was 1.1 million euros, which is by 61 thousand euros or 5.6% more than in 2013. The proportion of the revenue from the Company's basic economic activities, if compared to year 2013, had not changed substantially − the revenue from the sales of the bull semen comprised 53.1% of the net turnover, whereas the milk testing and monitoring data processing services, taken together, accounted for 35.6% of the net turnover. Compared to 2013, the profit before taxes for the reporting year had increased by 96 thousand euros, comprising 183 thousand euros. In 2014 the revaluation of the investment properties into the actual value resulted in earnings of 25 thousand euros. The Company's commercial profitability in 2014 was 15.9%, comprising an increase of 8% points if compared to 2013. Profit or Loss Account for the Period Ended on 31 December 2014 2014 2013 EUR EUR Net sales 1 148 420 1 087 470 Changes in stock of ready-made goods and unfinished 23 855 18 203 products Other operating income 11 641 7 366 Costs of materials: (448 525) (462 412) a) raw materials and auxiliary costs of materials (332 379) (351 381) b) other external costs (116 146) (111 031) Personnel costs: (464 261) (428 229) a) salaries for work (370 349) (338 466) b) state social insurance compulsory contributions (84 417) (78 909) c) other social insurance costs (9 495) (10 854) Write-off of assets and values: (62 394) (54 439) a) depreciation of fixed assets and amortization of (45 850) (48 016) intangible assets b) write-off of value of current assets above the normal (16 544) (6 423) deductions Other operating costs (43 565) (41 309) Other interest income and similar income 28 874 3 550 Interest payments and similar costs (11 040) (43 017) Profit or loss before taxes 183 005 87 183 Enterprise income tax in the reporting year (26 164) (15 279) Deferred tax 710 (197) Other taxes (1 635) (1 612) The profit or loss of the year 155 916 70 095 ==================== Equity per 1 share (EPS) 0.369 0.166 By expanding Company's market share in Latvia, the revenue from the sales of the bull semen had gone up by 5%. The purchase of a modern production equipment and good deals on the purchase of bulls from abroad in the preceding reporting year had resulted in an increase of the proportion of the Company's home-produced bull semen, comprising 80% of the total dosages sold. JSC 'Siguldas ciltslietu un mākslīgās apsēklošanas stacija' is one of the largest high-quality breeding bull semen producers and suppliers in Latvia. The second largest field of the Company's basic economic activities is the milk testing services. The Company also provides other breeding related services - consultations on issues of cattle breeding, feeding and keeping, evaluation of cow exterior, artificial insemination of cows, initial processing of the monitoring data. Valda Mālniece Financial and accounting department manager, member of the Board E-mail: valda.malniece@sigmas.lv News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-02-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Siguldas CMAS Latvia ISIN: LV0000100600 End of News DGAP News-Service --------------------------------------------------------------------- 328113 2015-02-27
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