Published: 2019-08-22 08:00:00 CEST
Siguldas CMAS
Half Year financial report

Siguldas CMAS JSC Unaudited interim report for the first six months of 2019

Company's net turnover in the first six months of 2019 was 566.5 thousand euros, which is by 7.9 % higher than in the first six months of 2018, whereas Company's profit before enterprise income tax was 56.7 thousand euros – by 180.9 % or 36.5 thousand euros higher compared to the corresponding period in 2018.


Net sales 566 509525 059
a) from agricultural activities566 509525 059
Changes in stock of ready-made goods and unfinished products28 95939 928
Other operating income16 632(8 190)
Costs of materials:(263 404)(236 049)
a) raw materials and auxiliary costs of materials(211 579)(186 436)
b) other external costs(51 825)(49 613)
Personnel costs:(229 285)(240 481)
a) salaries for work(177 322)(188 253)
b) state social insurance compulsory contributions(40 543)(42 917)
c) other social insurance costs(11 420)(9 311)
Depreciation adjustments:(24 897)(27 203)
a) depreciation adjustments of fixed and intangible assets(24 897)(27 203)
Other operating costs(37 863)(32 894)
Profit or loss before enterprise income tax56 65120 170
Profit or loss after enterprise income tax calculation56 65120 170
The profit or loss for the year 56 651 20 170
 Equity per 1 share (EPS)0.1340.048

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