Siguldas Ciltslietu Un Maksligas Apseklosanas Stacija (SCM1R) Q2 2024 earnings summary

Executive summary

• Net turnover for the first six months of 2024 reached €768.3k, up 1.0% year-over-year; profit before tax was €61.4k, down 27.6% from the same period in 2023.

• Bull semen sales accounted for 67.9% of net turnover, with milk laboratory and data services contributing 20.5%.

• No major events or significant risks impacted the financial position during the reporting period.

• A new medium-duty truck was acquired via a five-year financial lease.

Financial highlights

• Net sales: €768,297 (2024) vs €760,366 (2023); profit after tax: €61,359 (2024) vs €84,719 (2023).

• Earnings per share: €0.145 (2024) vs €0.201 (2023).

• Cash at period end: €183,789, up from €154,235 at 2023 year-end.

• Dividends paid in 2024 totaled €21,122.

Outlook and guidance

• Focus remains on expanding product and service volumes by increasing operational efficiency.