Daugavpils lokomotivju remonta rupnica
JSC ‘Daugavpils Lokomotīvju Remonta Rūpnīca’ unaudited consolidated annual report for 2014

DGAP-News: Daugavpils lokomotivju remonta rupnica

2015-02-25 / 16:45

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Daugavpils, 2015-02-25 16:45 CET (GLOBE NEWSWIRE) -- 

During the 12 month period in 2014 the consolidated net sales of the Group      
 amounted to 20,2 million EUR (21,4% decrease in respect of net sales in the    
 respective period in 2013).                                                    
                                                                                
The Group completed the 12 month period  in 2014 with a loss of 1,1 million EUR.
 During the period the Group exported its products to 9 countries, the total    
 export volume amounted to 18,0 million EUR (in similar period in 2013 - 23,2   
 million EUR). The main directions of export in reporting period were EU        
 countries: Estonia, and the third countries: Russia, Belarus.                  
In the 12 month period in 2014 the Company has invested 5,5 million EUR into    
 non-current assets. In January 2014 the jointly controlled entity DMU vilcieni 
 was registered with the partners AS 'Daugavpils Lokomotīvju Remonta Rūpnīca',  
 AS VRC 'ZASULAUKS', AS 'RĪGAS VAGONBŪVES RŪPNĪCA'. The entity was              
 establishedwith the purpose of participating in the open tender (tender        
 identification No. AS 'PV'-2013/21 KF) of AS 'Pasažieru vilciens' for DR1A     
 diesel locomotives passenger car modernisation. It is estimated  that the      
 Company's part in the contract will amount  to 9,4 million EUR. As of this date
 the project is ongoing.                                                        



STATEMENT OF COMPREHENSIVE INCOME                                               
                                                                                
                                               Notes          2014          2013
                                                               EUR           EUR
                                                                                
                Net sales                        (1)    20 150 863    25 632 291
                                                                                
                Cost of sales                    (2)  (19 037 967)  (23 402 166)
                                                                                
                Gross profit (loss)                      1 112 896     2 230 125
                                                     ---------------------------
                                                                                
                Distribution expenses            (2)     (224 594)     (491 435)
                                                                                
                Administrative expenses          (2)   (1 863 562)   (1 935 435)
                                                                                
                Other income                               203 113        46 025
                                                                                
                Other expenses                            (27 226)      (48 425)
                                                                                
                Net finance income and loss              (276 253)      (99 139)
                                                                                
                                                     ---------------------------
                Profit (loss) before tax               (1 075 626)     (298 284)
                                                     ---------------------------
                                                                                
                Corporate income tax                       (5 748)        56 208
                                                                                
                Net profit (loss)                      (1 081 374)     (242 076)
                                                     ---------------------------
                                                                       
                Attributable to:                                       
                Equity holders of a parent             (1 081 374)     (242 076)
                 company                                                        
                Minority interest                                -             -
                                                                                
                Earnings per share (in cents)                                   
                Basic                                       (0.13)             0
                Diluted                                     (0.13)             0
                                                                                
                Total comprehensive income             (1 081 374)     (242 076)
                 (expense)                                                      
                                                     ---------------------------
                                                                                
                Attributable to:                                       
                Equity holders of a parent             (1 081 374)     (242 076)
                 company                                                        
                Minority interest                                -             -
                                                                                
                Natālija Petrova Member of                                      
                 the Board t. 65404420,                                         
                 petrova@dlrz.lv                                                
                                                                                
                                                                                
                                                                                
               -------------------------------
News Source: NASDAQ OMX



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2015-02-25 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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326929 2015-02-25