Siguldas CMAS

Earnings Release • Aug 22, 2019

Siguldas CMAS JSC Unaudited interim report for the first six months of 2019

Company's net turnover in the first six months of 2019 was 566.5 thousand euros, which is by 7.9 % higher than in the first six months of 2018, whereas Company's profit before enterprise income tax was 56.7 thousand euros – by 180.9 % or 36.5 thousand euros higher compared to the corresponding period in 2018.

Profit or Loss Account

	30.06.2019 EUR	30.06.2018 EUR
Net sales	566 509	525 059
a) from agricultural activities	566 509	525 059
Changes in stock of ready-made goods and unfinished products	28 959	39 928
Other operating income	16 632	(8 190)
Costs of materials:	(263 404)	(236 049)
a) raw materials and auxiliary costs of materials	(211 579)	(186 436)
b) other external costs	(51 825)	(49 613)
Personnel costs:	(229 285)	(240 481)
a) salaries for work	(177 322)	(188 253)
b) state social insurance compulsory contributions	(40 543)	(42 917)
c) other social insurance costs	(11 420)	(9 311)
Depreciation adjustments:	(24 897)	(27 203)
a) depreciation adjustments of fixed and intangible assets	(24 897)	(27 203)
Other operating costs	(37 863)	(32 894)
Profit or loss before enterprise income tax	56 651	20 170
Profit or loss after enterprise income tax calculation	56 651	20 170
The profit or loss for the year	56 651	20 170
Equity per 1 share (EPS)	0.134	0.048

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