OREANDA-NEWS. JSC "Daugavpils Lokomotivju Remonta Rupnica" Unaudited Consolidated Interim Report of 9 months 2015
Type of operations                                  
                                                       
Basic activity of AS "DAUGAVPILS LOKOMOT?VJU REMONTA R?PN?CA"  is railway rolling stock overhaul repair, maintenance and upgrade, manufacturing and repair of its spare parts. AS "DAUGAVPILS LOKOMOT?VJU REMONTA R?PN?CA" provides a repair services of all types of railway rolling stock - diesel - electric locomotives and electric trains.
                                                       
Performance of the Group during the financial year                  
                                                       
During the 9 month period in 2015 the consolidated net sales of the Group amounted to 10,2 million EUR (58,9 % decrease in respect of net sales in the respective period in 2014).
                                                       
The Group completed the 9 month period  in 2015 with a loss of 1,6 million EUR. During the period the Group exported its products to 9 countries, the total export volume amounted to 8,1 million EUR (in similar period in 2014 - 15,5 million EUR). The main directions of export in reporting period were EU countries: Estonia, Poland and Lithuania, and the third countries: Russia, Belarus, Kazahstan
On 2nd of March 2015 the company implemented the ERAF project; the new  equipment is placed in service and the final report of LIAA is handed over. 30th of June 2015 the company received ES funds and a partial debt  reimbursement to the bank.

Big losses are related first of all to the closure of project in Russian rubles, as well as the reason was that the company was not
provided with orders to full capacity, therefore, to increase the  company’s operations economic efficiency the companies has a
reorganization, proceedings processes optimization and the reduce of current spending were being carried out. In the meanwhile, the Company has been actively participating  in a variety of marketing events such as thematic fairs, conferences  and mass media advertising. These events have been done to learn new technological practices and to approach clients. As of now, the  company has acquired the first orders that have been processed and  sent out to an orderer.  Even though we are now fully occupied by work it is still not enough to subsidise the Russian trade scope. Our purpose - to increase scope of production (sales) outside the Russian market to avoid currency risk; to continue elaborating company’s efficiency and keep production optimisation in balance.

    

STATEMENT OF COMPREHENSIVE INCOME                    
                                                       
                              Notes   01.01.2015 - 30.09.2015   01.01.2014 - 30.09.2014
                                              EUR       EUR
                                                       
Net sales                       (1)   10 237 053   17 372 149
                                       
Cost of sales                         (2)   (10 649 057)   (15 996 420)
                                       
Gross profit (loss)                         (412 004)   1 375 729
                                       
Distribution expenses                     (2)   (168 458)   (213 183)
                                       
Administrative expenses                   (2)   (1 489 179)   (1 395 940)
                                       
Other income                             402 551   137 676
                                       
Other expenses                           (29 124)   (21 077)
                                       
Net finance income and loss                     86 049   (28 336)
                                       
Profit (loss) before tax                       (1 610 165)   (145 131)
                                       
Corporate income tax                              (5 748)
                                  0   0
                                       
Net profit (loss)                           (1 610 165)   (150 879)
                                           
Attributable to:                                    
Equity holders of a parent company                 (1 610 165)   (150 879)
Minority interest                           -   -
                                                       
Earnings per share (in cents)                          
Basic                               (0.19)   (0.02)
Diluted                               (0.19)   (0.02)
                                                       
Total comprehensive income (expense)                 (1 610 165)   (150 879)
                                                       
Attributable to:                                    
Equity holders of a parent company                 (1 610 165)   (150 879)
Minority interest                           -   -
                                                       
                             
                                                       
                                                       
                                                       
Nat?lija Petrova                                                
Member of the Board                                              
                                                       
Daugavpils, 25 November 2015