Siguldas CMAS

Earnings Release • May 23, 2019

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

Company's net turnover in the first three months of 2019 was 275.0 thousand euros, showing an increase of 7.9% against the corresponding period in 2018, whereas Company's profit before taxes was 21.7 thousand euros – by 12.3 thousand euros higher compared to the corresponding period in 2018.

Profit or Loss Account

	31.03.2019 EUR	31.03.2018 EUR
Net sales	274 971	254 784
a) from agricultural activities	274 971	254 784
Changes in stock of ready-made goods and unfinished products	16 477	27 425
Other operating income	10 684	(1 869)
Costs of materials:	(136 176)	(124 580)
a) raw materials and auxiliary costs of materials	(111 342)	(100 182)
b) other external costs	(24 834)	(24 398)
Personnel costs:	(106 753)	(110 870)
a) salaries for work	(82 259)	(87 168)
b) state social insurance compulsory contributions	(18 861)	(19 754)
c) other social insurance costs	(5 633)	(3 948)
Depreciation adjustments:	(12 527)	(13 603)
a) depreciation adjustments of fixed and intangible assets	(12 527)	(13 603)
Other operating costs	(24 967)	(21 913)
Profit or loss before enterprise income tax	21 709	9 374
Enterprise income tax for the reporting year	-	-
Profit or loss after enterprise income tax calculation	21 709	9 374
The profit or loss for the year	21 709	9 374
Equity per 1 share (EPS)	0.051	0.022

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