Grobina: JSC "Grobina" unaudited financial report of first 6 months, 2018

Dubeni, Grobina parish, Grobina district, LV-3438, Latvia, 2018-08-31 12:17
CEST (GLOBE NEWSWIRE) --
The company's net turnover of first 6 months of 2018 is 1 486 386 EUR. In this
period in Canadian auction house NAFA there were realised 67 503 mink skins, in
result net turnover of 1st six months of 2018 comparing with the same period of
the year 2017 is decreased, because in 2017 first six months there were
realised 98 801 mink skins. 

In the year 2017 the management of JSC "Grobina" agreed with Canadian auction
house NAFA about granting of financing for mink kits fattening in the year
2017, this allowed to the company to provide normal economic activity in
accordance with Legal Protection proceedings plan of auction. With Liepaja
courts' 29th of March 2018 decision there were approved amendments in JSC
"Grobina" Legal protection proceedings plan of auction, thereby the term of
Legal protection proceeding is prolonged up to 30th of June, 2020. In January
2018 and in April 2018 the management of JSC :Grobina"  has signed contracts
with Canadian auction house NAFA about cooperation in the years 2018 and 2019,
incl. about granting of financing for mink kits fattening in these next 2
seasons, this allowed to JSC "Grobina" to increase the breeding herd in 2018 
almost for 50%, accordingly allowing to the company significantly increase
production volumes starting already from the year 2018. 




         JSC "Grobina"
         chairman of the board
         Gundars Jaunsleinis

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=691110