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Siguldas CMAS JSC Audited Annual Report for 2019

Written by Customer Service on . Posted in Public Companies.

The Company’s net turnover in 2019 was 1.2 million euros, which is by 62 thousand euros or 5.5% bigger than in 2018.The proportion of the revenue from the Company’s basic economic activities, if compared to year 2018, had not changed substantially − the revenue from the sales of the bull semen comprised 54.8% of the net turnover, whereas the milk laboratory services and processing of supervisory data services, taken together, accounted for 36.0% of the net turnover.2019 ended with a profit of 50 thousand euros. Compared to 2018, profit before taxes for the reporting year has increased by 61 thousand euros, mainly due to the increase in net turnover.The outbreak of COVID-19 will not have a substantial impact on the Company’s operations, financial situation and economic performance.PROFIT OR LOSS ACCOUNTJSC ‘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 MālnieceMember of the Management Board, Manager of the Financial and Accounting departmentE-mail: valda.malniece@sigmas.lvAttachmentsSiguldas_CMAS_Annual_report_for_2019_auditedSiguldas_CMAS_Corporate_Governance_report_2019Siguldas_CMAS_Supervisory_Board_report_2019

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