Andmed seisuga: 02.07.2024 20:05 (GMT+3)

LME: Management report of JSC " Liepajas metalurgs"

01.11.2005, Liepājas metalurgs, RIG
Liepajas metalurgs                                              01.11.2005.

Management report of JSC " Liepajas metalurgs"

The economical activity of nine month of the year 2005 for JSC "Liepājas
metalurgs" gives the profit in amount of 1,4 million LVL, but it is for 3,2
million LVL less than compared this result with profit of nine month of last
year. These changes are involving with the price level in world’s market of
ferrous metal. At this year the selling prices in world’s market of ferrous
metal are increased compared with the prices in the year 2004. The selling
price of realized armature of JSC "Liepajas metalurgs" are about 2,5% less
than in previous year, but production costs (prices of raw materials) are
about 12,9% more than in previous year.
Net turnover of nine month this year is about 108,3 million. LVL,
it is about 2,1 million LVL more than in the same time period in the year
2004. The explanation of growth of net turnover is following: at this year
are produced armature for 5109 t more than in previous year and realized for
24 608 t more than in the year 2004. Partly the realization volume depends
from customer’s desires and possibilities to receive the previously ordered
goods.
The activity of JSC “Liepajas metalurgs” has not any changes. The modernization
of plant and the construction of new continuous casting equipment are in progress.
The discussions of technical problems about a change of open furnace to electrical
furnace are in progress too.

Joint-stock company "Liepajas metalurgs"
Chairman of Board
/V.Terentjev/
01.11.2005.
Liepaja

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