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Company announcement on the results
Emitents Rīgas elektromašīnbūves rūpnīca, AS (25340065CF9HB5QZ3Z81)
Veids Citi
Valoda EN
Statuss Publicēts
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Datums 2015-01-21 10:07:17
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Taking into consideration a sharp drop of Russian Ruble rate in relation to Euro(RUB/EUR) that provides its adverse effect in 2014, especially in 4st quarter, the expected profit of JSC ‘Riga Electric Machine Building Works’ will amount approximately EUR 0,7 mln. The expected amount of net turnover for 2014 will be EUR 34.mln. Taking into consideration that the RUB/EUR rate continues declining in 2015 JSC ‘Riga Electric Machine Building Works’ will face decrease in sales sales and, appropriately, profit indicators will decrease by 25-35%.
The Board of JSC ‘Riga Electric Machine Building Works’ has approved an arrangement of measures that provide optimization of all costs and minimization of all kinds of expenses that provides completion of budget arrangement project for 2015, namely, net turnover not less than EUR 21.mln net profit at the amount of EUR 0,5 mln.

 

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