Valmieras Stikla Skiedra reported unaudited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported sales of EUR 108,698,544 against EUR 88,532,563 a year ago. Operating profit was EUR 8,699,897 against EUR 6,026,227 a year ago.

Profit from operations and before tax was EUR 7,817,764 against EUR 5,232,750 a year ago. Net profit was EUR 7,592,528 or EUR 0.3176 per share against EUR 5,103,463 or EUR 0.2135 per share a year ago. Cash provided by operating activities was EUR 12,850,394 against EUR 13,169,398 a year ago.

Purchase of fixed and intangible assets was EUR 16,489,767 against EUR 12,372,386 a year ago. The consolidated return on capital has increased to 9.7% and it is by 2.3% points more than in the year 2013 whereas the consolidated operating profit margin ratio was 8%. The company last year invested EUR 12,900,000 in development, which includes purchase of new production machinery, modernization of existing technologies, set-up of new production plant in United States and the development of new products with intentions to increase the production capacity of the group.