Emitents | SAF Tehnika, AS (48510000F6NVA4T63P67) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2016-08-17 09:18:43 |
Versijas komentārs | |
Teksts |
For Q4 of the FY 2015/2016, the Group’s unaudited consolidated net turnover was EUR 3.67 million, which is by 14% or EUR 0.44 million more than in Q4 of the FY 2014/2015, and by 22% more than in Q3 this year. The Group finished the closing quarter of the FY 2015/2016 with profit of EUR 573 thousand (unaudited), that is by 226 thousand more than in Q4 of the previous financial year. The unaudited consolidated result for the FY 2015/2016 is the profit of EUR 925 thousand. The major
part of the Q4 turnover (57% or EUR 2.1 million) was made by sales
in North/Latin Americas and was related to the development of data
transmission solutions and products tailored to specific customer
needs. This region’s result is by 36% greater than in Q4 last year
and exceeds the result in Q3 by 56%. The
European and CIS region gave 34% of the turnover in Q4. The
region’s turnover decreased by 11% as compared to the same quarter
of the previous FY, but was by 2% higher than in Q3. The above
fluctuations are due to implementation of individual projects. The
Group’s products were sold in 49 countries during the reporting
quarter. The Group
finished the closing quarter of the FY 2015/2016 with profits of
EUR 573 thousand (unaudited), which is by EUR 226 thousand more
than in Q4 of the previous financial year. The
Group’s unaudited consolidated turnover for the financial year
2015/2016 was EUR 13.7 million, which is a 7% increase compared to
revenues of the previous financial year. The
unaudited consolidated result for the FY 2015/2016 is the profit of
EUR 925 thousand, which is by EUR 353 thousand less comparing to
the Group’s result of the previous financial year when the profit
was EUR 1.28 million. The Group
had a positive net cash flow during 12 months of the FY, equaling
to EUR 1.59 million. As of the end of the reporting period, the
Group’s net cash balance was EUR 5.9 million.
This
financial year SAF Tehnika received EUR 0.46 million co-financing
from EU funds to support product development and marketing
activities. During this period EUR 435 thousand have been invested
in fixed assets. SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs, as well as searching innovative ideas for applying microwave data transmission. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika maintains cautious optimism but cannot provide certain prognosis for sales figures and operational results. About SAF
Tehnika: „SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ OMX Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.
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