The main activities of the Company in 9 months 2014 were logging and production of timber products: peeled and turn poles production in timber processing unit.
During 9 months 2014, 11 871 m3 pales were produced in the timber processing unit and woodchips of 22 820 m3 were sold.
Total revenues for the Company during 9 months 2014 were EUR 1 930 456. Revenues from sale of fixed assets EUR 18000,-
The result for 9 months 2014 is profit EUR 155 595 which corresponds to EUR 0.3138 profit per share.
In the future the Company plans to continue the production of peeled and turn poles, increasing the proportion of timber purchased from small logging companies and private loggers, whose price offering is lower than that of VAS Latvijas valsts meži. It is also planned to sell the produced goods to a wider network of clients, achieving the most beneficial sales price.
Please find attached Financial Report of 9 months 2014.
Chairman of the Board
JSC Talsu mezrupnieciba
Gatis Štāks.
