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Global Auto-Trade Group PLC: Half Year Report

EquityStory.RS, LLC-News: Global Auto-Trade Group PLC / Key word(s):
Half Year Results
Global Auto-Trade Group PLC: Half Year Report

01.09.2014 / 19:55

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Announcement

Global Auto-Trade Group Plс

Half Year Report

"GATG" or "the Company"

September 1, 2014

Global Auto-Trade Group Plc. today announces the publishing of its
half-year 2014 financial statements.


Global Auto-Trade Group Plc. hereby submits its Semi Annual Financial
Management Report for the period ended 30 June 2014 as required. The report
includes interim consolidated financial statements of the Company,
comprising of consolidated statement of financial position, consolidated
statement of income, changes in equity and cash flow statement.

In the H1/2014, GATG strongly held its market positions and continues to
raise external capital for replenishment of the working capital for
development and further growth.

The key developments and financial highlights during the period provide the
Company with opportunities to double its revenue and income in the
forthcoming periods.

1. Through the activated three new branches in 2013, GATG actively
participates in the equipping of road and community facilities with a
new technique in Transnistria. In the frames of reached agreements and
established cooperation with road maintenance and utility
organizations, the Company has already supplied such specialized
utility and road machinery as motor graders, combined road machinery
for road cleaning during winter and summer periods, dumpers,
excavators, refuse vehicles and combined road machinery. The Company
plans to continue supplying to these regions of Moldova during 2014 and
forward.

2. The Company reached first milestones in the implementation of its
industrial assembly project and has already successfully fulfilled
first orders. Thus, in the first half, GATG's service centre completed
assembly of canal flushing machines КО-503. The modern construction of
this machinery allows to effectively clean pipelines of rainwater and
sewerage systems with a diameters of 150-1000 mm. Also, by order of one
of the machine-building companies of Moldova, GATG mastered assembly
technology of the hydraulic manipulator «Amco Veba» for lorry with
sides MAZ-4370. Untill the end of the year, the Company aims to
implement the assembly of three other types of machinery, as well as to
increase the degree of localisation of the already developed processes,
at existing and established organisations in Moldova, followed by