Daugavpils, 2017-02-23 15:47 CET (GLOBE NEWSWIRE) --
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 | |||||||||||||||||||||||||||
During the 12 month period in 2016 the consolidated net turnover of the Group amounted to 13,2 million EUR (31,3 % decrease in comparison with net turnover in the relevant period in 2015). The Group completed the 12 month period in 2016 with a loss of 2,7 million EUR. During the accounting period the Group exported its products to 8 countries, the total export volume amounted to 7,5 million EUR (in the similar period of 12 months in 2015 – 12,0 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 DR1 trains were transferred to the customer AS Pasažieru vilciens. The customer applied 10% penalty for violation modernization project implementation ‘s terms. These losses were represented in the company’s financial report. During the reporting period took place the company’s reorganization: cost optimization, staff reduction and rejection of not bringing profit activities. Big losses in the reporting year are related with Company’s inoccupation in the reporting year, as well as 10% penalty for DMU application. According to the forecast, in 2017 the company will be provided with repair facilities more then in accounting period. In the 1st quarter of 2017, the company’s workload is much higher than in the same period of 2016. Contracts have been concluded with the Polish company PKP Linia Hutnicza Szerokotorowa SPOLKA z o.o. r about repair of locomotives, as well as other significant transactions.
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STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||
Notes | 01.01.2016 - 31.12.2016 | 01.01.2015 - 31.12.2015 | |||||||||||||||||||||||||
EUR | EUR | ||||||||||||||||||||||||||
Net sales | (1) | 13 192 327 | 19 213 652 | ||||||||||||||||||||||||
Cost of sales | (2) | (14 947 644) | (20 049 053) | ||||||||||||||||||||||||
Gross profit (loss) | (1 755 317) | (835 401) | |||||||||||||||||||||||||
Distribution expenses | (2) | (288 365) | (229 717) | ||||||||||||||||||||||||
Administrative expenses | (2) | (1 342 936) | (1 761 571) | ||||||||||||||||||||||||
Other income | 1 630 436 | 1 167 107 | |||||||||||||||||||||||||
Other expenses | (327 818) | (369 050) | |||||||||||||||||||||||||
Net finance income and loss | (658 767) | (608 392) | |||||||||||||||||||||||||
Profit (loss) before tax | (2 742 767) | (2 637 024) | |||||||||||||||||||||||||
Corporate income tax | (300) | (109 131) | |||||||||||||||||||||||||
0 | 0 | ||||||||||||||||||||||||||
Net profit (loss) | (2 743 067) | (2 746 155) | |||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||
Equity holders of a parent company | (2 743 067) | (2 746 155) | |||||||||||||||||||||||||
Minority interest | - | - | |||||||||||||||||||||||||
Earnings per share (in cents) | |||||||||||||||||||||||||||
Basic | (33.07) | (33.11) | |||||||||||||||||||||||||
Diluted | (33.07) | (33.11) | |||||||||||||||||||||||||
Total comprehensive income (expense) | (2 743 067) | (2 746 155) | |||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||
Equity holders of a parent company | (2 743 067) | (2 746 155) | |||||||||||||||||||||||||
Minority interest | - | - | |||||||||||||||||||||||||
Natālija Petrova | |||||||||||||||||||||||||||
Member of the Board | |||||||||||||||||||||||||||
Daugavpils, 23 February 2017 |