Daugavpils, 2016-08-24 08:10 CEST (GLOBE NEWSWIRE) -- JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Unaudited Consolidated Interim Report of 6 months 2016
| Type of operations | |||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||
| Performance of the Group during the financial year | |||||||||||||||||||||||||||
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During the 6 month period in 2016 the consolidated net turnover of the Group amounted to 6.2 million EUR (1 % decrease in comparison with net turnover in the relevant period in 2015). The Group completed the 6 month period in 2016 with a loss of 1,46 million EUR. During the accounting period the Group exported its products to 8 countries, the total export volume amounted to 4.5 million EUR (in the similar period in 2015 – 4.7 million EUR). The main directions of an export in reporting period were EU countries: Estonia, Poland and Lithuania, and the third countries: Russia, Uzbekistan, Belarus. In the second quarter, the first 3 trains DR1 were delivered to the customer AS Pasažieru vilciens. The customer applied 10% penalty for violation of terms of modernization project implementation. These losses were represented in the company’s financial report. In the 1st quarter, Company’s costs optimization was performed, as well as decrease of number of employees and refusal from non-profitable types of activity. In the second quarter, the company continued to optimize costs. The large losses by the results of six months are connected with large losses in the first quarter of the reporting year due to lack of objects, as well as due to application of 10% penalty within the DMU. According to provisory marketing prognoses, the Company will be loaded with work in quarters 3 and 4 in 2016, taking the costs optimization into account.
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| STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||
| Notes | 01.01.2016 - 30.06.2016 | 01.01.2015 - 30.06.2015 | |||||||||||||||||||||||||
| EUR | EUR | ||||||||||||||||||||||||||
| Net sales | (1) | 6 168 516 | 6 212 223 | ||||||||||||||||||||||||
| Cost of sales | (2) | (6 499 220) | (6 095 433) | ||||||||||||||||||||||||
| Gross profit (loss) | (330 704) | 116 790 | |||||||||||||||||||||||||
| Distribution expenses | (2) | (144 198) | (114 609) | ||||||||||||||||||||||||
| Administrative expenses | (2) | (682 758) | (1 290 210) | ||||||||||||||||||||||||
| Other income | 103 053 | 80 938 | |||||||||||||||||||||||||
| Other expenses | (54 711) | (19 373) | |||||||||||||||||||||||||
| Net finance income and loss | (349 194) | (102 135) | |||||||||||||||||||||||||
| Profit (loss) before tax | (1 458 512) | (1 328 599) | |||||||||||||||||||||||||
| Net profit (loss) | (1 458 512) | (1 328 599) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (1 458 512) | (1 328 599) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
| Earnings per share (in cents) | |||||||||||||||||||||||||||
| Basic | (0.18) | (0.16) | |||||||||||||||||||||||||
| Diluted | (0.18) | (0.16) | |||||||||||||||||||||||||
| Total comprehensive income (expense) | (1 458 512) | (1 328 599) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (1 458 512) | (1 328 599) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
| Natālija Petrova | |||||||||||||||||||||||||||
| Member of the Board | |||||||||||||||||||||||||||
| Daugavpils, 24 August 2016 | |||||||||||||||||||||||||||
