JSC „Valmieras stikla šķiedra” consolidated financial report 2013 (audited)

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| Source: Valmieras stikla škiedra
multilang-release

Joint stock company „Valmieras stikla šķiedra” today, at 31st March 2014, has submitted the NASDAQ OMX Riga its’ consolidated financial report for the fiscal year 2013. The audited financial results of JSC „Valmieras stikla šķiedra” and its’ subsidiary Valmiera Glass UK Ltd (further in a text called Valmiera Glass Group) shows, that the consolidated net turnover for 2013 has reached EUR 88.53 Million. That is the highest net turnover since the foundation of the company and comparing to the last financial year it has grown for EUR 17.53 Million or 25%.

The participation of the subsidiary Valmiera Glass UK Ltd at the consolidated turnover is EUR 4.72 Million. The consolidated net profit of the Group has reached EUR 5.10 Million that is about 30% more as at the same period of the previous fiscal year. The earning per share of 2013 has reached EUR 0.2102 that is the highest rate since being listed on the share market.

2013 in the development of JSC “Valmieras stikla šķiedra” were invested EUR 10.84 Million, modernizing the existing technical and technological solutions and investing in the product development with the aim to increase the production capacity.

In 2014 plans the Group further developments, investing EUR 8.62 in new technical and technological plants and modernizing the existing infrastructure. The management of the Group, based on the tendencies of the market and planned business results of the Group, prognoses that 2014 the net turnover of the Group could reach EUR 127.02 Million where the consolidated net profit – EUR 9.31 Million.

 

         Contacts:
         Marika Nīmante
         JSC „Valmieras stikla šķiedra” marketing project manager
         Phone: +371 64202276, +371 26635509
         Fax: +371 64281216
         E-mail: Marika.Nimante@valmiera-glass.com
         More information about company: www.vss.lv, www.valmiera-glass.com