JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Unaudited

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JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Unaudited Consolidated Interim Report of 3 months 2016

Daugavpils, 2016-05-25 15:54 CEST (GLOBE NEWSWIRE) -- Basic activity of AS "DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA"  is railway rolling stock overhaul repair, maintenance and upgrade, manufacturing and repair of its spare parts. AS "DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA" provides a repair services of all types of railway rolling stock - diesel - electric locomotives and electric trains.

During the 3 month period in 2016 the consolidated net turnover of the Group amounted to 2.3 million EUR (37 % decrease in comparison with net turnover in the relevant period in 2015).                             The Group completed the 3 month period  in 2016 with a loss of 1 million EUR. During the accounting period the Group exported its products to 8 countries, the total export volume amounted to 1.8 million EUR (in the similar period in 2015 – 2.7 million EUR). The main directions of an export in reporting period were EU countries: Estonia, Poland and Lithuania, and the third countries: Russia, Uzbekistan, Belarus.  Big losses are related that the company was not provided with orders to full capacity.                              That is why  in the first quarter took place the Group’s costs optimization, reduction in the number of employees and rejection  of unprofitable activities. According to preliminary forecast, the Group will have sufficient project load during 3.-4. Quarter 2016  taking into account the costs optimization.

STATEMENT OF COMPREHENSIVE INCOME

          

 
                              Notes   01.01.2016 - 31.03.2016   01.01.2015 - 31.03.2015
                                              EUR       EUR
                                                       
Net sales                       (1)   2 275 600   3 609 914
                                       
Cost of sales                         (2)   (2 729 139)   (3 808 058)
                                       
Gross profit (loss)                         (453 539)   (198 144)
                                       
Distribution expenses                     (2)   (54 152)   (56 169)
                                       
Administrative expenses                   (2)   (399 646)   (617 468)
                                       
Other income                             48 683   30 068
                                       
Other expenses                           (56 568)   (19 704)
                                       
Net finance income and loss                     (48 670)   (61 251)
                                       
Profit (loss) before tax                       (963 892)   (922 668)
                                       
Net profit (loss)                           (963 892)   (922 668)
                                           
Attributable to:                                    
Equity holders of a parent company                 (963 892)   (922 668)
Minority interest                           -   -
                                                       
Earnings per share (in cents)                          
Basic                               (0.12)   (0.11)
Diluted                               (0.12)   (0.11)
                                                       
Total comprehensive income (expense)                 (963 892)   (922 668)
                                                       
Attributable to:                                    
Equity holders of a parent company                 (963 892)   (922 668)
Minority interest                           -   -

   

Natālija Petrova

Member of the Board

t. 65404420, petrova@dlrz.lv

Daugavpils, 25 May 2016

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