The main activities of the Company in 2015 were logging and production of timber products: peeled and turn poles production in timber processing unit.
In 2015 the net turnover was EUR 1 877 472.
During 6 month of the year 10 907.- m3 poles were produced in the timber processing unit and woodchips of 26 343.-m3 were sold.
Total revenues for the Company during 6 month of year 2015 were EUR 1 877 472.
Revenues from sale of fixed assets EUR 0.00.
The result for 6 month of the year 2015 is profits EUR 67 220, which corresponds to EUR 0.1356 profits per share.
| 2014 | 2013 | ||||
| Note | EUR | EUR | |||
| Revenues | 2 | 1 877 472 | 1 388 722 | ||
| Cost of goods sold | 3 | (1 766 775) | (1 268 189) | ||
| Gross result | 110 697 | 120 533 | |||
| Administration expenses | 4 | (34 825) | (29 122) | ||
| Other operating income | 5 | 4 | 18 579 | ||
| Other operating expenses | 6 | (7 606) | (7 117) | ||
| Fiancial income | 7 | 2 005 | 429 | ||
| Financial expenses | 8 | (1 812) | (1 746) | ||
| Profit (loss) before taxes | 68 463 | 101 556 | |||
| Deferred corporate income tax | 9; 18 | - | - | ||
| Other taxes | 17 | (1 243) | (1 243) | ||
| Net profit (loss) | 67 220 | 100 313 |
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 6 month 2015.
Chairman of the Board
JSC Talsu mezrupnieciba
Gatis Staks
Mob.ph. +371 26538894
e-mail:gatis@tmr.lv
