TMA: Talsu mezrupnieciba JSC Unaudited Interim Report for 9 moth 2015 year
The main activities of the Company in 2015 were logging and production of timber products: peeled and turn poles production in timber processing unit.
The result for 9 month of the year 2015 is profits EUR -101200 which corresponds to EUR 0.204 profits per share.
During 9 month of the year 16 910 m3 poles were produced in the timber processing unit and woodchips of
43 686 m3 were sold.
Total revenues for the Company during 9 month of year 2015 were EUR 2 916 310.-. This compared to 2014 is about 33.4% higher.
The demand for products to England is positive
The company’s profit at the 9 month, year 2015 are EUR 52 605.-, which corresponds to EUR 0.106 profit per share.
| 2015 | 2014 | ||||
| Note | EUR | EUR | |||
| Revenues | 2 | 2 916 310 | 1 930 456 | ||
| Cost of goods sold | 3 | (2 747 853) | (1 737 288) | ||
| Gross result | 119 862 | 193 168 | |||
| Administration expenses | 4 | (56 977) | (43 328) | ||
| Other operating income | 5 | 4 | 18 579 | ||
| Other operating expenses | 6 | (8 572) | (8 817) | ||
| Fiancial income | 7 | 2 059 | 516 | ||
| Financial expenses | 8 | (2 528) | (3 280) | ||
| Profit (loss) before taxes | 53 848 | 156 838 | |||
| Deferred corporate income tax | 9; 18 | ||||
| Other taxes | 17 | (1 243) | (1 243) | ||
| Net profit (loss) | 52 605 | 15595 | |||
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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