OREANDA-NEWS. The total turnover in 2014 of JSC "Tosmares kugubuvetava" reached more than 4,5 million Euro and Companys losses was 380388.00 euro.

The total turnover in 2014 of JSC "Tosmares kugubuvetava" reached more than 4.5 million Euro (4 634 094 Euro) which is 29 % less compared to the previous year. The Gross profit of the Company was 90864.00 EUR, NET profit: 380388.00 EUR. First half of 2014 the company completed with the loses more  than 460 thousand EUR, but in the end of the Year the profit from the basic activities amounted more 370 thousand EUR as a result of improving economic activity.

There was a change of management structures of the Council and the Board of Directors of the Company in the first half of 2014.

In the 2014 the company expands the types of Business and on order of the gas producing company start a manufacturing of non-standard equipment.

In 2014 the market of ship repair services has grown up in comparison with 2013 and amounted 80 % of company’s activities.

In spite of reduction of the turnover in comparison with 2013 the market of Ship repair services has expand. Retaining existing customers (mostly form Eastern Europe) has increased orders from Western Europe (i.e. Norway, Malta, the Netherlands). The share of export services has grown from 82.3 % in 2013 up to 96.1 % in 2014.

The management in their work pays attention not only to performance of commodity orders, but also on arrangement of industrial base and on arrangement of territories of the Company. Several works concerning replacement of technical equipment of dry docks have been carried out in order to increase the effectiveness of water pumping out of the docks. Also cleaning works have been performed inside docks and repair of yard's tugs have been carried out.

Non audited report of JSC "Tosmares kugubuvetava" is attached.