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MANAGEMENT REPORT
November
28, 2014
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
2014 is the 23rd year of operation since the Company was
transformed into a Joint Stock Company.
In 9 months of 2014 the Company produced a total of 16.2 million
cans of various types (150) of fish products, including 6.7 million
cans of sprats. In 9 months of 2014 there were sold 15.5 million
cans for EUR 8.9 million. The financial result of 9 months of 2014
is profit of EUR 313 703. This profit is from economic activities
of the Company.
Net
turnover for 9 months of 2014 is EUR 8 934 thousand.
Result
for 9 months of 2014:
Gross profit (EUR)
1 155 thousand
Gross profit (%)
12.9
Operating
results of the JSC “Brivais vilnis” compared to the previous year
are less successful, as the Russian ruble depreciation has had some
influence on them.
The
Company’s goal is to continue transformation in accordance with the
EU and third countries quality requirements.
We
have started renovation of canned fish sterilization area that will
increase production capacity and assortment.
The
JSC “Brivais vilnis” will continue cooperation with the “NASDAQ OMX
Riga” JSC and remain listed in the free list of stock exchange in
2014. The Company continues work on adoption of new markets in
Western Europe and other world in 2014.
The
Company continues development of new products and new packaging and
works on improvement of quality of the current assortment also in
this year.
Arnolds
Babris
Chairman
of the Board
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