OREANDA-NEWS. JSC Talsu mezrupnieciba Annual Report of the year 2015 (audited)

In 2015 the net turnover was MEUR 3.7, it is about 31.01% higher than in the previous year was, while gross profit deccreased about 29.8%.

The main activities of the JSC Talsu mezrupnieciba in 2015 were logging and production of timber products: peled and turn poles production in timber processing unit.

In 2015 the net turnover was EUR 3 692 753, it is about 31.01%higher than in the previous year was, while gross profit decreased about 29.8%. 

  Note            EUR 2015      EUR 2014
Revenues 2            3 692 753        2 547 679
Cost of goods sold 3           (3 463 930)       (2 305 059)
Gross result                 228 823           242 620
Administration expenses 4                (84 384)            (65 859)
Other operating income 5                          4             18 546
Other operating expenses 6                (13 684)            (11 537)
Fiancial income 7                   1 594               1 019
Financial expenses 8                 (3 471)              (4 500)
Profit (loss) before taxes                 128 882            180 289
Deferred corporate income tax 9; 18               (20 925)            (27 198)
Other taxes 17                  (1 243)              (1 243)
Nett profit (loss)                  106 714            151 848

The financial position in 2015 significantly affected product buyers from England, the demand compared with 2014 increased  by 50.6%.

During 12 month of the year 2015 21 865m3 poles were produced  in the timber processing unit and woodchips of 66 178 m3 were sold.

Total revenues for the Company during 12 month of year 2015 were EUR 3 692 753.

The result for 12 month of the year 2015 is profits EUR 106 714, which correspodents to EUR 0.2153 profits per share.