Dubeni, Grobina parish, Grobina district, LV-3438, 2016-12-09 09:15 CET (GLOBE
NEWSWIRE) --
Company's first nine months of 2016, net turnover is € 2647091 EUR, it has
decreased by 46% compared with the 1st nine months of 2015, but in 2016 first
nine months, there were sold 131 249 mink skins at an average price of 20.17
EUR / pcs, but in 2015, first nine months were sold 110572 mink skins at an
average price of € 39.41 / pcs. Although in 2016 the JSC "Grobina" mink average
sales price of Finnish mink auction house exceeded the average auction sales
price, however, due to the fur industry crisis in the world, joint stock
company "Grobina" in the first nine months of 2016, production was sold below
first cost, thereby the company has suffered a loss . In order to obtain the
financial stability of the joint stock company "Grobina" , by the Liepaja court
decision 29th of June, 2016, has been approved the joint stock company
"Grobina" Legal Protection Proceedings plan of action, which provides to settle
with creditors in 2018.
In spite of the JSC "Grobina" Legal Protection Proceedings, the JSC "Grobina" management also in this growing season reached an agreement with the Finnish auction house Saga Furs of funding, for fur-bearing animals fattening, which allows to the company, to ensure normal economic activity.
JSC "Grobina"
Chairman of the Board
Gundars Jaunsleinis
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=607748
In spite of the JSC "Grobina" Legal Protection Proceedings, the JSC "Grobina" management also in this growing season reached an agreement with the Finnish auction house Saga Furs of funding, for fur-bearing animals fattening, which allows to the company, to ensure normal economic activity.
JSC "Grobina"
Chairman of the Board
Gundars Jaunsleinis
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=607748