Siguldas CMAS

Earnings Release • Nov 21, 2019

Siguldas CMAS JSC Unaudited financial information for the nine months of the year 2019

Company's net turnover in the nine months of 2019 was 887.7 thousand euros, showing an increase of 6.3% against the corresponding period in 2018, whereas Company's profit before taxes was 85.8 thousand euros – by 42.8 thousand euros higher compared to the corresponding period in 2018.

Profit or Loss Account

	30.09.2019 EUR	30.09.2018 EUR
Net sales	887 653	834 695
a) from agricultural activities	887 653	834 695
Changes in stock of ready-made goods and unfinished products	32 797	37 226
Other operating income	25 029	(3 256)
Costs of materials:	(403 929)	(373 040)
a) raw materials and auxiliary costs of materials	(319 383)	(298 108)
b) other external costs	(84 546)	(74 932)
Personnel costs:	(350 467)	(363 482)
a) salaries for work	(274 198)	(286 912)
b) state social insurance compulsory contributions	(64 574)	(67 014)
c) other social insurance costs	(11 695)	(9 556)
Depreciation adjustments:	(38 881)	(40 553)
a) depreciation adjustments of fixed and intangible assets	(38 600)	(40 553)
b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts	(281)	-
Other operating costs	(66 392)	(48 545)
Profit or loss before enterprise income tax	85 810	43 045
Enterprise income tax for the reporting year	-	-
Profit or loss after enterprise income tax calculation	85 810	43 045
The profit or loss for the year	85 810	43 045
Equity per 1 share (EPS)	0.203	0.102

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