Company's net turnover in the first six months of 2018 was 525.1 thousand euros, which is by 2.5 % smaller than in the first six months of 2017, whereas Company's profit before enterprise income tax was 20.2 thousand euros – by 67.2 % or 41.3 thousand euros smaller compared to the corresponding period in 2017.
The commercial profitability in the first six months of 2018 was 3.8 %, compared to 11.4 % in the corresponding period in 2017.
Profit or Loss Account
| 30.06.2018 EUR | 30.06.2017 EUR | |
| Net sales | 525 059 | 538 268 |
| a) from agricultural activities | 525 059 | 538 268 |
| Changes in stock of ready-made goods and unfinished products | 39 928 | 9 827 |
| Other operating income | (8 190) | 25 602 |
| Costs of materials: | (236 049) | (233 840) |
| a) raw materials and auxiliary costs of materials | (186 436) | (166 390) |
| b) other external costs | (49 613) | (67 450) |
| Personnel costs: | (240 481) | (223 095) |
| a) salaries for work | (188 253) | (175 704) |
| b) state social insurance compulsory contributions | (42 917) | (38 772) |
| c) other social insurance costs | (9 311) | (8 619) |
| Depreciation adjustments: | (27 203) | (23 667) |
| a) depreciation adjustments of fixed and intangible assets | (27 203) | (23 667) |
| Other operating costs | (32 894) | (31 628) |
| Profit or loss before enterprise income tax | 20 170 | 61 467 |
| Enterprise income tax for the reporting year | - | (9 606) |
| Profit or loss after enterprise income tax calculation | 20 170 | 51 861 |
| The profit or loss for the year | 20 170 | 51 861 |
| Equity per 1 share (EPS) | 0.048 | 0.123 |
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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