OREANDA-NEWS. The basic economic activity of the Joint Stock Company invariably is the production and sale of bull semen, comprising 50.6% of its net turnover in the accounting period, as well as the milk testing and data processing services, which collectively comprise 36.7% of the Company's net turnover.  The proportion of the Company's basic activities, if compared with the one in the first half-year of 2014, do not show any significant changes.

Company's net turnover in the first half-year of 2015 was 544.4 thousand EUR, showing a decrease of 0.9% against the corresponding period in 2014, while Company's profit of 60.4 thousand EUR of the first half-year of 2015 shows a decrease of 28.6% against the corresponding period in 2014.

The commercial profitability in the first half-year of 2015 was 13.3%, compared to 17.1% in 2014.

 

Profit or Loss Account for the Period Ended on 30 June 2015

  2015
EUR		 2014
EUR
Net sales 544 367 549 248
Changes in stock of ready-made goods and unfinished products 25 381 43 914
Other operating income 5 476 4 300
Costs of materials: (233 175) (230 128)
a) raw materials and auxiliary costs of materials (177 599) (174 025)
b) other external costs (55 576) (56 103)
Personnel costs: (223 067) (226 190)
a) salaries for work (175 300) (177 030)
b) state social insurance compulsory contributions (38 940) (39 969)
c) other social insurance costs (8 827) (9 191)
Write-off of assets and values: (22 936) (22 479)
a) depreciation of fixed assets and amortization of intangible assets (22 936) (22 479)
Other operating costs (24 119) (24 388)
Other interest income and similar income 2 980 2 422
Interest payments and similar costs (2 260) (2 515)
Profit or loss before taxes 72 647 94 184
Enterprise income tax in the reporting year (10 358) (7 872)
Other taxes (1 854) (1 635)
The profit or loss of the year 60 435 84 677
Equity per 1 share (EPS) 0.143 0.200