In 2014 the net turnover was MEUR 2.5, it is about 35% higher than in the previous year was, while gross profit increased 3.9 times per produced m3 or 0.15 MEUR.

The main activities of the JSC Talsu mezrupnieciba in 2014 were logging and production of timber products: peeled and turn poles production in timber processing unit.

In 2014 the net turnover was EUR 2,547,679 it is about 35% higher than in the previous year was , while gross profit increased 3.9 times per produced m3.

The financial position in 2014 significantly affected product buyers from England, the demand compared with 2013 increased by 47.2%.

During 12 month of the year 15066 m3 poles were produced in the timber processing unit and woodchips of 34563 m3 were sold.

Total revenues for the Company during 12 month of year 2014 were EUR 2547679.

Revenues from sale of fixed assets EUR 18 000.

The result for 12 month of the year 2014 is profits EUR 151 848, which corresponds to EUR 0.3063 profits per share.

Please find attached Declaration on the responsibility of Management and JSC Talsu mezrupnieciba Financial Report of 12 months 2014 (unaudited).

Chairman of the Board

JSC Talsu mezrupnieciba

Gatis Staks

Mob.ph. +37126538894

e-mail: gatis@tmr.lv