Overview of JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ Financial Performance
In the first half of 2024, JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ reported a net turnover of 768.3 thousand euros, reflecting a modest increase of 1.0% compared to the same timeframe in 2023. However, the company's profit before enterprise income tax saw a decline, dropping to 61.4 thousand euros—down by 27.6%, which is a decrease of 23.4 thousand euros from the previous year.
Company Developments
During this reporting period, the company made a notable investment by acquiring a new medium-duty truck through a five-year financial lease. This new asset is anticipated to improve operational efficiency and enhance the delivery of services.
Core Services and Offerings
JSC ‘Siguldas ciltslietu un m?ksl?g?s aps?klošanas stacija’ is recognized as the only producer of high-quality breeding bull semen in the region and is among the largest suppliers of this vital product. Additionally, the company has positioned itself as a key provider of milk testing services, which represents its second largest area of economic activity.
Additional Services Provided
In addition to its primary offerings, the company provides a range of breeding-related services, including:
- 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 partnership with a US genetics laboratory.
Management Team Insights
Valda M?lniece is a Member of the Management Board and serves as the Manager of the Financial and Accounting department. Under her leadership, the company maintains strict financial oversight and pursues strategic growth initiatives.
For any inquiries, Valda can be reached via e-mail at: 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, along with various 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.
