Dubeni, Grobina parish, Grobina district, LV-3438, Latvia, 2018-02-28 08:00 CET
(GLOBE NEWSWIRE) --
Company's twelve months of 2017, net turnover is 3 159 717 EUR, it has
increased by 15% compared with the twelve months of 2016, because in 2017
twelve months, there were sold 118 150 mink skins at an average price of €
26.44 / pcs, but in 2016 twelve months, were sold 131 249 mink skins at an
average price of € 20.17 / pcs. For gaining financial stability of JSC
"Grobina" after 2016 crisis in fur farming, JSC "Grobina" filed an application
to court for legal protection proceedings initiation. Liepaja Court on 29 June
2016 approved the JSC "Grobina" legal protection process action plan, which was
amended by Liepaja Court decision of 3 March 2017. In the year 2017 management
of JSC "Grobina" agreed with Canadian auction house NAFA about financing of fur
skin animal fattening in 2017, this allowed the company to ensure normal
economic activity. Consequently, in 2017 JSC "Grobina" continues its business
activities in accordance with the plan.In January of 2018 the management of JSC
"Grobina" has signed contracts with Canadian auction house NAFA about
cooperation in 2018 and 2019, incl. about financing of fur animal fattening in
next 2 breeding seasons, it allows JSC "Grobina" in 2018 to increase breeding
herd by almost 50%, accordingly, allowing the company to increase production
volumes already in 2018.
JSC "Grobina" Chairman of the Board
Gundars Jaunsleinis
Attachment:
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