Company's net turnover in the first three months of 2018 was 254.8 thousand euros, showing a decrease of 3.3% against the corresponding period in 2017, whereas Company's profit before taxes was 9.4 thousand euros – by 67.9% or 19.8 thousand euros smaller compared to the corresponding period in 2017.
The commercial profitability in the first three months of 2018 was 3.7%, compared to 13.0% in the corresponding period in 2017.
Profit or Loss Account
| 31.03.2018 EUR | 31.03.2017 EUR | |
| Net sales | 254 784 | 263 344 |
| a) from agricultural activities | 254 784 | 263 344 |
| Changes in stock of ready-made goods and unfinished products | 27 425 | 14 858 |
| Other operating income | (1 869) | 14 624 |
| Costs of materials: | (124 580) | (123 363) |
| a) raw materials and auxiliary costs of materials | (100 182) | (87 135) |
| b) other external costs | (24 398) | (36 228) |
| Personnel costs: | (110 870) | (105 229) |
| a) salaries for work | (87 168) | (82 889) |
| b) state social insurance compulsory contributions | (19 754 | (18 322) |
| c) other social insurance costs | (3 948) | (4 018) |
| Depreciation adjustments: | (13 603) | (12 107) |
| a) depreciation adjustments of fixed and intangible assets | (13 603) | (12 107) |
| Other operating costs | (21 913) | (17 886) |
| Profit or loss before enterprise income tax | 9 374 | 34 241 |
| Enterprise income tax for the reporting year | - | (5 043) |
| Profit or loss after enterprise income tax calculation | 9 374 | 29 198 |
| The profit or loss for the year | 9 374 | 29 198 |
| Equity per 1 share (EPS) | 0.022 | 0.069 |
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
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