Construction, Latvia, Railways, Transport

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 05:54

Daugavpils lokomotivju remonta rupnica saw 21% reduction in turnover in 2014

BC, Riga, 29.04.2015.Print version
Joint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (DLRR) posted EUR 20.1 million in net turnover last year, which is 21% less than in 2013, according to the company's audited financial report submitted to Nasdaq Riga stock exchange, informs LETA.

The group's losses amounted to EUR 1.2 million in 2014.

 

Last year the DLRR Group exported its products to nine countries, the total export volume amounted to EUR 18 million (down from EUR 23.2 million in 2013). The main directions of export were Estonia, Russia, and Belarus.

 

In 2014 DLRR invested EUR 5.5 million into non-current assets.

 

In 2015, the DLRR Group’s priority is expanding its customer base and developing new products, including machinery industry. The Group has a material base for these activities, including the equipment purchased in cooperation with ERDF funds. To increase the economic efficiency the company has carried out reorganization and optimization of its production processes, thus decreasing its operational costs. In 2015, the company will continue the development in the sector of railway rolling stock repair and spare parts production.

 

In 2013, DLRR posted EUR 263,953 in losses, whereas in 2012 the company earned EUR 1,032,066.

 

The company's turnover in 2013 was EUR 36.637 million and in 2012 EUR 43.527 million.






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