Daugavpils, 2016-11-23 15:10 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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During the 9 month period in 2016 the consolidated net turnover of the Group amounted to 11.2 million EUR (9,4 % increase in comparison with net turnover in the relevant period in 2015). The Group completed the 9 month period in 2016 with a loss of 2,5 million EUR. During the accounting period the Group exported its products to 8 countries, the total export volume amounted to 6,1 million EUR (in the similar period in 2015 – 8,1 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 third quarter, the all 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. The large losses by the results of 9 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 with in the DMU.
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| STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||
| Notes | 01.01.2016 - 30.09.2016 | 01.01.2015 - 30.09.2015 | |||||||||||||||||||||||||
| EUR | EUR | ||||||||||||||||||||||||||
| Net sales | (1) | 11 195 324 | 10 237 053 | ||||||||||||||||||||||||
| Cost of sales | (2) | (11 772 243) | (10 649 057) | ||||||||||||||||||||||||
| Gross profit (loss) | (576 919) | (412 004) | |||||||||||||||||||||||||
| Distribution expenses | (2) | (214 911) | (168 458) | ||||||||||||||||||||||||
| Administrative expenses | (2) | (1 000 696) | (1 489 179) | ||||||||||||||||||||||||
| Other income | 324 198 | 402 551 | |||||||||||||||||||||||||
| Other expenses | (500 917) | (29 124) | |||||||||||||||||||||||||
| Net finance income and loss | (522 229) | 86 049 | |||||||||||||||||||||||||
| Profit (loss) before tax | (2 491 474) | (1 610 165) | |||||||||||||||||||||||||
| Net profit (loss) | (2 491 474) | (1 610 165) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (2 491 474) | (1 610 165) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
| Earnings per share (in cents) | |||||||||||||||||||||||||||
| Basic | (0.30) | (0.19) | |||||||||||||||||||||||||
| Diluted | (0.30) | (0.19) | |||||||||||||||||||||||||
| Total comprehensive income (expense) | (2 491 474) | (1 610 165) | |||||||||||||||||||||||||
| Attributable to: | |||||||||||||||||||||||||||
| Equity holders of a parent company | (2 491 474) | (1 610 165) | |||||||||||||||||||||||||
| Minority interest | - | - | |||||||||||||||||||||||||
| Natālija Petrova | |||||||||||||||||||||||||||
| Member of the Board | |||||||||||||||||||||||||||
| Daugavpils, 23 November 2016 | |||||||||||||||||||||||||||
