Daugavpils, 2016-05-25 15:54 CEST (GLOBE NEWSWIRE) -- 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 2016 the consolidated net turnover of the Group amounted to 2.3 million EUR (37 % decrease in comparison with net turnover in the relevant period in 2015).
The Group completed the 3 month period in 2016 with a loss of 1 million EUR. During the accounting period the Group exported its products to 8 countries, the total export volume amounted to 1.8 million EUR (in the similar period in 2015 – 2.7 million EUR). The main directions of an export in reporting period were EU countries: Estonia, Poland and Lithuania, and the third countries: Russia, Uzbekistan, Belarus.
Big losses are related that the company was not provided with orders to full capacity.
That is why in the first quarter took place the Group’s costs optimization, reduction in the number of employees and rejection of unprofitable activities. According to preliminary forecast, the Group will have sufficient project load during 3.-4. Quarter 2016 taking into account the costs optimization.
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STATEMENT OF COMPREHENSIVE INCOME
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| Notes | 01.01.2016 - 31.03.2016 | 01.01.2015 - 31.03.2015 | |||||||||||||||||||||||||
| EUR | EUR | ||||||||||||||||||||||||||
| Net sales | (1) | 2 275 600 | 3 609 914 | ||||||||||||||||||||||||
| Cost of sales | (2) | (2 729 139) | (3 808 058) | ||||||||||||||||||||||||
| Gross profit (loss) | (453 539) | (198 144) | |||||||||||||||||||||||||
| Distribution expenses | (2) | (54 152) | (56 169) | ||||||||||||||||||||||||
| Administrative expenses | (2) | (399 646) | (617 468) | ||||||||||||||||||||||||
| Other income | 48 683 | 30 068 | |||||||||||||||||||||||||
| Other expenses | (56 568) | (19 704) | |||||||||||||||||||||||||
| Net finance income and loss | (48 670) | (61 251) | |||||||||||||||||||||||||
| Profit (loss) before tax | (963 892) | (922 668) | |||||||||||||||||||||||||
| Net profit (loss) | (963 892) | (922 668) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (963 892) | (922 668) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
| Earnings per share (in cents) | |||||||||||||||||||||||||||
| Basic | (0.12) | (0.11) | |||||||||||||||||||||||||
| Diluted | (0.12) | (0.11) | |||||||||||||||||||||||||
| Total comprehensive income (expense) | (963 892) | (922 668) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (963 892) | (922 668) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
Natālija Petrova
Member of the Board
t. 65404420, petrova@dlrz.lv
Daugavpils, 25 May 2016
