Kalvenes street 27, Aizpute, LV-3456, Latvia, 2017-08-31 07:53 CEST (GLOBE NEWSWIRE) -- The action type of the Joint Stock Company “KURZEMES ATSLEGA 1” has not changed during the 1st half of the 2017 in comparison with previous periods of time: door locks, ironware, furniture fittings, forged products, production tools etc. are still being produced.
The fixed capital of the JSC “KURZEMES ATSLEGA 1” is 1285401 EUR. Net turnover has reached 844973 EUR in the 1st half of 2017 which is up by 15,7% or 114587 EUR in comparison with the 1st half of the 2016.
Volume of sold production divides as follows:
sold in local market (Latvia) – 56.2% or 475241 EUR. This is by 30279 EUR more that in the 1st half of the 2016.
Sold in EU - 35.2% or 297093 EUR, i.e. up by 28944 EUR than in the 1st half of 2016.
Export - 8.6% or 72693 EUR, i.e. by 55364 EUR more than in the 1st half of 2016.
The 1st half of the 2017 has finalized with losses in amount of 97078 EUR.
Loss per share in June 30th 2017 – 0.11 EUR.
Currently 79 employees are being employed in Company. Average amount of the employees in 6 months of the 2016 was 79.
Average salary 560 EUR. In 6 months of 2016 – 504 EUR. Average salary is up by 11,1%.
| N. | Item | 30.06.2017 | 30.06.2016 |
| EUR | EUR | ||
| 1 | Net sales | 844973 | 730386 |
| 2 | Cost of sales | (864026) | (766421 |
| 3 | Gross profit or loss | (19053) | (36035) |
| 4 | Distribution expenses | (34526) | (13185) |
| 5 | Administration expenses | (37175) | (43535) |
| 6 | Other operating income | 14594 | 7141 |
| 7 | Other operating expenses | (20173) | (10275) |
| 8 | Interest paid and similar expense | (745) | (557) |
| 9 | Operating profit | (97078) | (93710) |
| 10 | Extraordinary income | 0 | 0 |
| 11 | Extraordinary expenses | 0 | 0 |
| 12 | Profit or loss before taxes | (97078) | (96446) |
| 13 | Corporate income tax | 0 | 0 |
| 14 | Other taxes | 0 | 0 |
| 15 | Deferred tax | 0 | 0 |
| 16 | Net profit or loss for the year | (97078) | (96446) |
Please find the file "KA1_Financial_Report_2017.30.06.pdf" in enclosure.
The board
Irena Burve
Chief accountant
A/S Kurzemes Atslega-1
Kalvenes street 27
Aizpute, LV-3456
Latvia
Tel.: +371 63448075
Mob.: +371 26422198
E-mail: gramatv@ka1.lv
