Company's net turnover in the first six months of 2017 was 538.3 thousand euros, which is by 3.0 % bigger than in the first six months of 2016, whereas Company's profit before enterprise income tax was 61.5 thousand euros – by 20.4 % or 10.4 thousand euros bigger compared to the corresponding period in 2016.
The commercial profitability in the first six months of 2017 was 11.4 %, compared to 9.8 % in the corresponding period in 2016.
Profit or Loss Account
|
30.06.2017 EUR |
30.06.2016 EUR |
|
| Net sales | 538 268 | 522 842 |
| a) from agricultural activities | 538 268 | 522 842 |
| Changes in stock of ready-made goods and unfinished products | 9 827 | 19 453 |
| Other operating income | 25 602 | 15 831 |
| Costs of materials: | (233 840) | (234 564) |
| a) raw materials and auxiliary costs of materials | (166 390) | (178 583) |
| b) other external costs | (67 450) | (55 981) |
| Personnel costs: | (223 095) | (219 253) |
| a) salaries for work | (175 704) | (172 322) |
| b) state social insurance compulsory contributions | (38 772) | (38 191) |
| c) other social insurance costs | (8 619) | (8 740) |
| Depreciation adjustments: | (23 667) | (23 026) |
| a) depreciation adjustments of fixed and intangible assets | (23 667) | (22 958) |
| b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts | - | (68) |
| Other operating costs | (31 628) | (30 242) |
| Earnings from shareholding: | - | 15 |
| a) in capitals of associated companies | - | 15 |
| Profit or loss before enterprise income tax | 61 467 | 51 056 |
| Enterprise income tax for the reporting year | (9 606) | (11 598) |
| Profit or loss after enterprise income tax calculation | 51 861 | 39 458 |
| The profit or loss for the year | 51 861 | 39 458 |
| Equity per 1 share (EPS) | 0.123 | 0.093 |
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 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
Member of the Management Board, Manager of the Financial and Accounting department
E-mail: valda.malniece@sigmas.lv
