JSC "Grobiņa" financial report of 3rd quarter, 2015


Dubeni, Grobiņa parish, Grobiņa district, 2015-11-27 13:33 CET (GLOBE NEWSWIRE) -- Join-stock companys’ in nine month of 2015 net turnover is 4 401 017 EUR, it has increased by 74% compared to the  nine month period of 2014. During nine months of 2015 were sold 110 572 mink skins at an average sales price of 39, 41 EUR / pcs. During nine months of 2014 were realized 88 125 mink skins at an average price   of 28.00 EUR / pcs. During nine month of 2015  profit is 155 645 EUR. Net earnings per share are 0.311 EUR, while in nine months of 2014 net loss per share was 1.923 EUR.

Fur market in 2015 as a whole, shows a positive trend, as evidenced by the JSC “Grobiņa”  rise in prices by 40% compared to the previous years' crisis in this industry , although the prices of products this year did not reached the expected level, short of with 28% from the average prices, which were in the industry in pre-crisis years (2012, 2013 average sales price of JSC "Grobiņa" product was 54.70 EUR per mink skin).

Thanks to the investments made in previous years, also in 2015 the company continues to increase production volumes by 18 - 20%, compared to the previous year. In this year will be produced ~ 130 thousand high-quality mink skins, most of all will be realised in March 2016 auction.

 

 

JSC “Grobiņa”

The Chairman of the Board                    G.Jaunsleinis


Attachments

Grobina_2015_gada_9_men_parskats_publ_ENG.pdf