The proportion of the Company's basic activities, if compared to the first nine months of 2015, does not show any significant changes − the production and sale of bull semen comprised 52.0 % of its net turnover in the accounting period, while the milk testing and data processing services collectively comprised 36.5 % of the Company's net turnover. 

Company's net turnover in the first nine months of 2016 was 815.0 thousand euros, showing a decrease of 3.3 % against the corresponding period in 2015, whereas Company's profit before taxes was 82.0 thousand euros – by 33.9 % or 42.0 thousand euros lower compared to the corresponding period in 2015.

The commercial profitability in the first nine months of 2016 was 10.1 %, compared to 14.7 % in the corresponding period in 2015.

Profit or Loss Account for the Period Ended on 30 September 2016

JSC ‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ is one of the largest high-quality breeding bull semen producers and suppliers in Latvia. The second largest field of the Company’s basic economic activities is milk testing services. The Company also provides other breeding related services – consultations on issues of cattle breeding, feeding and keeping, evaluation of cow exterior, artificial insemination of cows, initial processing of the monitoring data.

Valda Mālniece

Member of the Management Board, Manager of the Financial and Accounting department

E-mail: valda.malniece@sigmas.lv