Dubeni, Grobina parish Grobina disctrict., 2016-09-09 12:28 CEST (GLOBE NEWSWIRE) -- The Company's first six-month of 2016 net turnover is € 2,355,958, it has fallen by 48% compared to first 6 months of 2015, as in first 6 months of 2016 were sold 114,525 mink fur at an average price of € 20.57 / pc, but in first six months of 2015, were sold 89,270 mink fur at an average price of 45.40 EUR / pcs, while - in first six months of 2014, were sold 81,335 mink fur at an average sales price of 29.47 EUR / pcs. Although in 2016 the JSC "Grobina" average fur sales price of Finnish mink auction house exceeded the average auction sales price, however, due to the crisis in the fur industry in the world JSC "Grobina" production in the 1st half of 2016, was realized below first cost and the company was suffered a loss. For financial stability by 29th of June, 2016 Liepaja court decision is confirmed JSC "Grobina" Legal Protection proceedings plan of action, which provides to settle with creditors in 2018. In spite of the JSC "Grobiņa" Legal Protection Proceedings the JSC "Grobina" management in this breeding season agreed with the Finnish auction house Saga Furs of funding for fur animal fattening, which allows company to ensure normal economic activity.
JSC "Grobina"
Chairman of the Board
Gundars Jaunsleinis
