In 2015 a total net turnover of JSC "Tosmares kuģubūvētava" was EUR 6 133 571. JSC “Tosmares kuģubūvētava” has finished the report period with gross profit in the amount of EUR 989 203, whereas a net profit in 2015 was in the amount of EUR 187 722

In 2015 JSC “Tosmares kuģubūvētava” performed the repair of 44 vessels (in comparison with 2014 – the repair of 38 vessels) and were built 3 steel hulls of catamarans (in comparison with 2014 – 4 steel hulls of catamarans).

In 2015 a total net turnover of JSC "Tosmares kuģubūvētava" was EUR 6 133 571, of which the turnover from ship building was EUR 479 686 and ship repair EUR 5 653 885 (in comparison in 2014 a total net turnover was EUR 4 879 870, including ship building EUR 918 050 and ship repair EUR 3 789 158).

JSC “Tosmares kuģubūvētava” has finished the report period with gross profit in the amount of EUR 989 203 (in 2014 gross losses were EUR 16 475), whereas a net profit in 2015 was in the amount of EUR 187 722 (respectively in 2014 there were a net losses in the amount of EUR 362 204).

The achieved results are based on the active marketing work to attract new customers, rational use of manpower and material resources, increase of labour productivity, as well as an active and closer cooperation with customers in implementing the obligations entered into.

The Board of Directors of the Company considering the existing market situation and the resources of the Company continues to increase the effectiveness of activities of the Company, moving to new sectors of production and the market, which should ensure increase of volume of repairable and new building vessels. Also have been restored fixed assets of the Company to increase labour productivity, new working methods are acquired and improved working conditions of the Company’s employees.

The Board of Directors of the Company has improved cooperation models with customers in order to make better a financial discipline and prevent the accumulation of debt, which would allow optimizing the cash flow of the Company.

The productions processes of the JSC “Tosmares kuģubūvētava” are carried out in accordance with international standards EN ISO 9001:2008, and according to the standard EN 1090 are ensured the constant quality monitoring, as well as its activities comply with the other existing shipbuilding and repair standards.

The Board of Directors of the Company conducts preliminary works to implement the standard ISO 9001:2015 in 2016, which will enable us to improve the quality system and rational use of natural and material resources.

In 2016 the Board of Directors of the Company will continue to improve and develop the initiated economic activities, paying particular attention to environmental preservation measures, by investing in the Company's production facilities, which will contribute to the competitiveness of the Company and promote the development of economic activities.

JSC “Tosmares kuģubūvētava” proposes the net profit of 2015 in the amount of EUR 187 722 to direct for further development of the Company.

Unaudited financial report of year 2015 is enclosed

         AS "Tosmares kuģubūvētava"
         Acting Chief Accountant
         I.Bērtule
         Phone: +371 63401945