Published: 2020-08-27 15:10:00 CEST
Siguldas CMAS
Half Year financial report

Siguldas CMAS JSC Unaudited interim report for the first six months of 2020

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.


Net sales 598 588566 509
a) from agricultural activities598 588566 509
Changes in stock of ready-made goods and unfinished products20 08028 959
Other operating income29 95816 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 tax68 26156 651
Profit or loss after enterprise income tax calculation68 26156 651
The profit or loss for the year 68 261 56 651
 Equity per 1 share (EPS)0.1620.134

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