AS Valmieras stikla skiedra reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales of EUR 33,087,443 compared to EUR 32,666,582 a year ago. Operating profit was EUR 2,405,574 compared to EUR 2,978,301 a year ago.

Profit from operations and before tax was EUR 2,223,610 compared to EUR 3,513,736 a year ago. Net profit was EUR 2,062,703 or EUR 0.0863 per share compared to EUR 3,513,596 or EUR 0.1470 per share a year ago. Cash used in operating activities was EUR 617,414 compared to EUR 1,272,443 a year ago.

Purchase of fixed and intangible assets was EUR 349,589 compared to EUR 6,194,076 a year ago.