Daugavpils, 2016-02-25 11:05 CET (GLOBE NEWSWIRE) --
Basic activity of AS "Daugavpils Lokomotīvju Remonta Rūpnīca" is railway rolling stock overhaul repair, maintenance and upgrade, manufacturing and repair of its spare parts. AS "Daugavpils Lokomotīvju Remonta Rūpnīca" provides a repair services of all types of railway rolling stock - diesel - electric locomotives and electric trains.
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Performance of the Group during the financial year | |||||||||||||||||||||||||||
During the 12 month period in 2015 the consolidated net sales of the Group amounted to 14,8 million EUR (26,4 % decrease in respect of net sales in the respective period in 2014). | |||||||||||||||||||||||||||
The Group completed the 12 month period in 2015 with a loss of 2,5 million EUR. During the period the Group exported its products to 9 countries, the total export volume amounted to 11,9 million EUR (in similar period in 2014 - 18,0 million EUR). The main directions of export in reporting period were EU countries: Estonia, Poland and Lithuania, and the third countries: Russia, Belarus, Uzbekistan. | |||||||||||||||||||||||||||
On 2nd of March 2015 the company implemented the ERAF project; the new equipment is placed in service and the final report of LIAA is handed over. 30th of June 2015 the company received ES funds and a partial debt reimbursement to the bank. Big losses are related first of all to the closure of project in Russian rubles, as well as the reason was that the company was not provided with orders to full capacity, therefore, to increase the company’s operations economic efficiency the companies has a reorganization, proceedings processes optimization and the reduce of current spending were being carried out. In the meanwhile, the Company has been actively participating in a variety of marketing events such as thematic fairs, conferences and mass media advertising. These events have been done to learn new technological practices and to approach clients. As of now, the company has acquired the first orders that have been processed and sent out to an orderer. Even though we are now fully occupied by work it is still not enough to subsidise the Russian trade scope. Our purpose - to increase scope of production (sales) outside the Russian market to avoid currency risk; to continue elaborating company’s efficiency and keep production optimisation in balance.
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STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||
Notes | 01.01.2015 - 31.12.2015 | 01.01.2014 - 31.12.2014 | |||||||||||||||||||||||||
EUR | EUR | ||||||||||||||||||||||||||
Net sales | (1) | 14 771 246 | 20 068 041 | ||||||||||||||||||||||||
Cost of sales | (2) | (15 347 248) | (18 673 012) | ||||||||||||||||||||||||
Gross profit (loss) | (576 002) | 1 395 029 | |||||||||||||||||||||||||
Distribution expenses | (2) | (218 761) | (398 964) | ||||||||||||||||||||||||
Administrative expenses | (2) | (1 728 337) | (1 901 530) | ||||||||||||||||||||||||
Other income | 215 191 | 99 430 | |||||||||||||||||||||||||
Other expenses | (33 551) | (79 723) | |||||||||||||||||||||||||
Net finance income and loss | (162 462) | (356 510) | |||||||||||||||||||||||||
Profit (loss) before tax | (2 503 922) | (1 242 268) | |||||||||||||||||||||||||
Corporate income tax | (1 057) | ||||||||||||||||||||||||||
0 | 0 | ||||||||||||||||||||||||||
Net profit (loss) | (2 503 922) | (1 243 325) | |||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||
Equity holders of a parent company | (2 503 922) | (1 243 325) | |||||||||||||||||||||||||
Minority interest | - | - | |||||||||||||||||||||||||
Earnings per share (in cents) | |||||||||||||||||||||||||||
Basic | (0.30) | (0.15) | |||||||||||||||||||||||||
Diluted | (0.30) | (0.15) | |||||||||||||||||||||||||
Total comprehensive income (expense) | (2 503 922) | (1 243 325) | |||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||
Equity holders of a parent company | (2 503 922) | (1 243 325) | |||||||||||||||||||||||||
Minority interest | - | - | |||||||||||||||||||||||||
Natālija Petrova Member of the Board t. 65404420, petrova@dlrz.lv Daugavpils, 25.02.2016
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