JSC Siguldas ciltslietu Reports 2024 Interim Financials
Overview of JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ Financial Performance
In the first six months of 2024, JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ reported a net turnover of 768.3 thousand euros. This figure represents a 1.0% increase compared to the same period in 2023. However, the company's profit before enterprise income tax decreased to 61.4 thousand euros, down by 27.6% or 23.4 thousand euros less than the previous year.
Company Developments
During this reporting period, the company made a significant investment by acquiring a new medium-duty truck through a financial lease set for five years. This acquisition is expected to enhance operational capabilities and support the delivery of their services more efficiently.
Core Services and Offerings
JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ stands out as the sole producer of high-quality breeding bull semen in the region and ranks among the largest suppliers of this essential product. In addition, the company has established itself as a provider of milk testing services, which constitute its second largest area of economic activity.
Additional Services Provided
Beyond its primary offerings, the company delivers various breeding-related services. These include:
- Consultations on cattle breeding, feeding, and management.
- Evaluation of cow exterior traits.
- Artificial insemination of cows.
- Initial processing of supervisory data.
- Genome sample testing for herd animals in collaboration with a US genetics laboratory.
Management Team Insights
Valda M?lniece serves as a Member of the Management Board and Manager of the Financial and Accounting department. Under her guidance, the company continues to enforce meticulous financial oversight and strategic growth initiatives.
For inquiries, Valda may be contacted via e-mail: valda.malniece@sigmas.lv.
Frequently Asked Questions
What was the net turnover for JSC Siguldas ciltslietu in 2024?
The net turnover for the first six months of 2024 was recorded at 768.3 thousand euros.
How much did the profit before tax change compared to the previous year?
The profit before enterprise income tax decreased by 27.6%, amounting to 61.4 thousand euros, which is 23.4 thousand euros less than the previous year.
What new assets did the company acquire during the reporting period?
The company acquired a new medium-duty truck on a financial lease for five years.
What are the core services provided by the company?
The company's core services include producing breeding bull semen and offering milk testing services, among other breeding-related consultations.
Who is part of the management team at JSC Siguldas ciltslietu?
Valda M?lniece is a Member of the Management Board and oversees the Financial and Accounting department.
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