The action type of the Joint Stock Company “KURZEMES ATSLEGA 1” has not changed during the 1st half of the 2015 in comparison with previous periods of time: door locks, ironware, furniture fittings, forged products, production tools etc. are still being produced.

    Net turnover has reached 863 768 EUR in the 1st half of 2015 which is down by 18.5% or 196 264 EUR in comparison with 1st half of 2014.

The 1st half of the 2015 has finalized with losses in amount of 35910 EUR.

Losses per stock 30.06.2015    0.04 EUR

Profit per stock  30.06.2014   0.02 EUR      

Volume of sold production divides as follows:

·       sold in local market (Latvia) – 56% or 483424 EUR. This is by 40043 EUR less that in the 1st half of 2014;

·       export - 44% or 380344 EUR, i.e. by 156221 EUR less than in the 1st half of 2014.

Currently 93 employees are being employed in company. Average amount of employees in 6 months of the 2014 was 104.

Average salary 466 EUR. In 6 months of 2014 – 446 EUR.

Company has no tax arrears. Financial activity of the Company has provided mainly with its own assets, the loan facility in amount of 70000 EUR has been linked.

To achieve profitable activity, the board considers taking tight control over costs and should curtail expenses. Work on market expansion is being continued.  

Please find the file "KA1_Fnancial_Report_2015.30.06.pdf" in enclosure.