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MANAGEMENT
REPORT
August
31, 2015
The
types of activities performed by the JSC “Brivais vilnis” are
processing and canning of fish and fish products, wholesale of food
products and other commercial activities classified nowhere else.
On May 14, 2002 the company was registered in the Common commercial
register of the Republic of Latvia.
Year
2015 is the 24th year of operation since the Company was
transformed into a Joint Stock Company.
In the 1st half of 2015 the Company produced a total of
8.1 million cans of various types (139) of fish products, including
3.4 million cans of sprat.
6.2
million cans were sold for EUR 4.1 million.
The financial result of the 1st half of 2015 is a loss
of EUR 79 849. These losses are from economic activities of the
Company and are related with decrease of production and sales
volume and currency fluctuations in the CIS countries.
Net turnover of the 1st half of 2015 is EUR 4 173
thousand.
Result
of the 1st half of 2015:
Gross profit (EUR)
456 600
Gross profit (%)
10.94
The
Company’s goal is to continue transformation in accordance with the
EU quality requirements, real decrease the production expenses, to
enable the Company to compete and strengthen its position on the
market of canned fish. The Company continues work on adoption of
new markets in Western Europe and other world in 2015. There were
visited several food products exhibitions in Europe and in third
countries in this period.
The
JSC “Brivais vilnis” will continue cooperation with the “NASDAQ OMX
Riga” JSC and remain listed in the free list of stock exchange in
2015.
The Company continues development of new products and works on
improvement of quality of the current assortment and packing also
in this year.
The
Company was stopped the production to carry annual repair of
factory and districts out and employees could take their leaves. On
September 1, the Company will restart the production.
Arnolds
Babris
Chairman
of the Board
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