| Emitents | Valmieras stikla šķiedra, AS (5493006XWNR6BLL15O35) |
| Veids | Finanšu pārskati |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2013-03-25 16:31:15 |
| Versijas komentārs | |
| Teksts |
JSC "Valmieras stikla šķiedra”
audited financial statement of 2012: the highest sales are reached
in the history of company
In 2012 the JSC "Valmieras stikla šķiedra” reached the highest
sales during its existence - LVL 49.9 Million (EUR 71.01 Million),
which is by 7% more than in 2011. The net profit of the Company has
reached LVL 2.75 Million (EUR 3.91 Million), which is exceeds
profit for 2011 by 79.7%.
The average price of the products sold by the Company in 2012 has
grown by 4.54% comparing to 2011, which has been driven mainly by
manufacturing of high added value products. Return on assets for
2012 is 8.0%, which is by 2.2 percentage points higher than in
2011, while the return on capital is 8.7% or by 2.9 percentage
points more than in 2011.
In November 2012 the Company completed construction of new, already
the third glass furnace, which will provide additional production
capacity and enhance the quality of glass fibre. Total investment
in construction amounted to LVL 4.57 Million (EUR 6.5 Million),
which was financed by funding of Investment and Development Agency
of Latvia in amount of LVL 976 Thousands (EUR 1.39 Millions) and
the Company’s own investment of LVL 3.6 Million (EUR 5.12
Millions).
In 2013 it is planned to invest LVL 7.1 Million (EUR 10.1 Million)
in the development of the Company, including investments in new
equipment, modernization of existing technological solutions and a
new warehouse in order to increase the production
capacity.
Considering the market development trends and the results of the
Company, the management of AS “Valmieras stikla šķiedra” prognoses
that sales for 2013 could reach LVL 63.13 Million (EUR 89.82
Million).
To secure and increase the understanding of investors, cooperation
partners, clients and society about the company, its activities and
governance, JSC "Valmieras stikla šķiedra” audited financial
statement of 2012 is submitted to “NASDAQ OMX Riga” together with
Corporate Governance Report of the year of 2012.
Contacts:
Marika Nīmante
JSC „Valmieras stikla šķiedra” marketing project
manager
Phone: 64202276, 26635509
Fax: 64281216
E-mail: Marika.Nimante@vss.lv
More information about company: www.vss.lv
Follow company:
Facebook.com/ValmierasStiklaSkiedra
Twitter.com/ValmieraGlass
YouTube.com/ValmierasStiklaSkiedra
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