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Daugavpils locomotive repair plant registers 58.9% reduction in 9-month turnover
BC, Riga, 26.11.2015.
Print version
Print versionJoint-stock locomotive repairs factory Daugavpils lokomotivju remonta rupnica (Daugavpils locomotive repair plant, DLRR) posted EUR 10.2 million in net turnover in the first nine months of the year 2015, which is 58.9% less than in the same period last year, reports LETA, according to the company's audited financial report submitted to "Nasdaq Riga" stock exchange.
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In the first nine months of the year, DLRR operated with EUR 1.6 million in losses, compared to EUR 150,879 in losses during the first nine months of 2014.
The company informs that its losses are related, first of all, due to the devaluation of the Russian ruble, as well as a reduction in orders from Russia.
DLRR is the largest company in the Baltic countries specializing in repairs to and modernization of locomotives and rolling stock and manufacturing spare parts for trains.
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