Company's net turnover in the first six months of 2020 was 598.6 thousand euros, which is by 5.7% higher than in the first six months of 2019, whereas Company's profit before enterprise income tax was 68.3 thousand euros – by 20.5% or 11.6 thousand euros higher compared to the corresponding period in 2019.
PROFIT OR LOSS ACCOUNT
| 30.06.2020 EUR | 30.06.2019 EUR | |
| Net sales | 598 588 | 566 509 |
| a) from agricultural activities | 598 588 | 566 509 |
| Changes in stock of ready-made goods and unfinished products | 20 080 | 28 959 |
| Other operating income | 29 958 | 16 632 |
| Costs of materials: | (269 855) | (263 404) |
| a) raw materials and auxiliary costs of materials | (219 839) | (211 579) |
| b) other external costs | (50 016) | (51 825) |
| Personnel costs: | (239 002) | (229 285) |
| a) salaries for work | (186 803) | (177 322) |
| b) state social insurance compulsory contributions | (42 233) | (40 543) |
| c) other social insurance costs | (9 966) | (11 420) |
| Depreciation adjustments: | (28 400) | (24 897) |
| a) depreciation adjustments of fixed and intangible assets | (28 393) | (24 897) |
| b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts | (7) | - |
| Other operating costs | (43 108) | (37 863) |
| Profit or loss before enterprise income tax | 68 261 | 56 651 |
| Profit or loss after enterprise income tax calculation | 68 261 | 56 651 |
| The profit or loss for the year | 68 261 | 56 651 |
| Equity per 1 share (EPS) | 0.162 | 0.134 |
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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