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Siguldas CMAS JSC Unaudited financial information for the first three months of the year 2022

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Siguldas CMAS
Siguldas CMAS

In the first three months of 2022 net turnover was 364.6 thousand euros, showing an increase of 15.3% against the corresponding period in 2021, whereas profit before taxes was 87.6 thousand euros – by 44.1 thousand euros higher compared to the corresponding period in 2021.

At present, the restrictions that have entered into force in connection with the war in Ukraine have not affected the Company's operations, nor is there a decrease in cash flow. The management of the Company believes that the introduced restrictions will not significantly affect the Company's operations.

PROFIT OR LOSS ACCOUNT

 

31.03.2022
EUR

31.03.2021
EUR

Net sales

364 568

316 085

a) from agricultural activities

364 568

316 085

Changes in stock of ready-made goods and unfinished products

40 443

18 035

Other operating income

16 187

11 638

Costs of materials:

(185 044)

(152 987)

a) raw materials and auxiliary costs of materials

(160 809)

(129 392)

b) other external costs

(24 235)

(23 595)

Personnel costs:

(115 863)

(112 378)

a) salaries for work

(90 256)

(87 842)

b) state social insurance compulsory contributions

(20 987)

(19 775)

c) other social insurance costs

(4 620)

(4 761)

Depreciation adjustments:

(12 308)

(13 790)

a) depreciation adjustments of fixed and intangible assets

(12 308)

(13 763)

b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts

-

(27)

Other operating costs

(20 388)

(23 108)

Profit or loss before enterprise income tax

87 595

43 495

Enterprise income tax for the reporting year

(18)

(3)

Profit or loss after enterprise income tax calculation

87 577

43 492

The profit or loss for the year

87 577

43 492

 Earnings per 1 share (EPS)

0.207

0.103

JSC ‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ is one of the largest high-quality breeding bull semen producers and suppliers in Latvia. The second largest field of the Company’s basic economic activities is milk testing services. The Company also provides other breeding related services – consultations on issues of cattle breeding, feeding and keeping, evaluation of cow exterior, artificial insemination of cows, initial processing of the monitoring data.

Valda Mālniece

Member of the Management Board, Manager of the Financial and Accounting department

E-mail: valda.malniece@sigmas.lv

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