TMA: Talsu mezrupnieciba JSC Unaudited Interim report for 1 st quarter 2015.
The main activities of the Company in the 1st quarter 2015 were logging and production of timber products: peeled and turn poles production in timber processing unit.
In the 1st quarter 2015 the net turnover was EUR 813 007.
During 3 month of the year 5010 m3 poles were produced in the timber processing unit and woodchips of 15858.-m3 were sold.
Total revenues for the Company during 3 month of year 2015 were EUR 813007.
Revenues from sale of fixed assets EUR 0.00
The result for 3 month of the year 2015 is profits EUR 21153, which corresponds to EUR 0.042 profits per share.
2015 2014
Note EUR EUR
Revenues 2 813 007 730 022
Cost of goods sold 3 (772 806) (656 482)
Gross result 40 201 73 540
Administration expenses 4 14 190 14 999
Other operating income 5 579
Other operating expenses 6 4961 5342
Fiancial income 7 1426 385
Financial expenses 8 (867) (419)
Profit (loss) before taxes 21 609 53 744
Deferred corporate income tax 9; 18
Other taxes 17 (456) (456)
Net profit (loss) 21 153 53 288
In the future the Company plans to continue the production of peeled and turn poles, increasing the proportion of timber purchased from small logging companies and private loggers, whose price offering is lower than that of VAS Latvijas valsts me?i. It is also planned to sell the produced goods to a wider network of clients, achieving the most beneficial sales price.
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