Company's net turnover in the nine months of 2018 was 834.7 thousand euros, showing a decrease of 1.0% against the corresponding period in 2017, whereas Company's profit before taxes was 43.0 thousand euros – by 53.1% or 48.8 thousand euros smaller compared to the corresponding period in 2017.
The commercial profitability in the nine months of 2018 was 5.2%, compared to 10.9% in the corresponding period in 2017.
Profit or Loss Account
| 30.09.2018 EUR | 30.09.2017 EUR | |
| Net sales | 834 695 | 843 271 |
| a) from agricultural activities | 834 695 | 843 271 |
| Changes in stock of ready-made goods and unfinished products | 37 226 | 14 554 |
| Other operating income | (3 256) | 30 008 |
| Costs of materials: | (373 040) | (380 694) |
| a) raw materials and auxiliary costs of materials | (298 108) | (279 461) |
| b) other external costs | (74 932) | (101 233) |
| Personnel costs: | (363 482) | (337 659) |
| a) salaries for work | (286 912) | (268 301) |
| b) state social insurance compulsory contributions | (67 014) | (60 177) |
| c) other social insurance costs | (9 556) | (9 181) |
| Depreciation adjustments: | (40 553) | (33 983) |
| a) depreciation adjustments of fixed and intangible assets | (40 553) | (33 983) |
| Other operating costs | (48 545) | (43 685) |
| Profit or loss before enterprise income tax | 43 045 | 91 812 |
| Enterprise income tax for the reporting year | - | (13 929) |
| Profit or loss after enterprise income tax calculation | 43 045 | 77 883 |
| The profit or loss for the year | 43 045 | 77 883 |
| Equity per 1 share (EPS) | 0.102 | 0.184 |
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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