OREANDA-NEWS. Taking into consideration  a sharp drop of Russian Ruble rate  in relation to Euro(RUB/EUR) that provides its adverse effect in 2014, especially in 4st quarter,  the expected profit of JSC ‘Riga Electric Machine Building Works’   will  amount approximately  EUR 0,7 mln. The expected amount of net turnover for 2014 will be EUR   34.mln. Taking into consideration  that the RUB/EUR  rate continues declining in 2015 JSC ‘Riga Electric Machine Building Works’ will face decrease in sales and, appropriately,  profit  indicators will decrease  by  25-35%.

The Board of JSC ‘Riga Electric Machine Building Works’ has  approved an arrangement of measures that provide optimization of all costs and minimization of all  kinds of expenses  that provides completion of budget arrangement  project for 2015, namely, net turnover not less than  EUR 21.mln net profit  at the amount of  EUR  0,5 mln.