Emitents | SAF Tehnika, AS (48510000F6NVA4T63P67) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2016-10-27 16:05:09 |
Versijas komentārs | |
Teksts |
Net turnover of the “SAF Tehnika” Group in the 2015/ 2016 financial year was EUR 13.71 million, which is EUR 854 thousand or 6.6% more than in the previous FY 2014/ 2015. The Group closed the FY 2015/2016 with profit of EUR 926 thousand, which is by EUR 353 less than in previous FY. The difference was largely made by lower revenues from currency fluctuations.
“SAF Tehnika” JSC publishes its audited consolidated and
non-consolidated financial statements for financial year 2015/2016
(from July 1, 2015- June 30, 2016) according to Section 56th,
5th paragraph of „Law on the Financial Instruments Market” of the
Republic of Latvia.
“SAF Tehnika” Group consists of SAF Tehnika JSC
(hereinafter – the Parent) operating from Riga, Latvia, a
wholly owned subsidiaries registered in USA - “SAF North America
LLC” and “SAF Services LLC”. Net turnover of the Group in the
2015/ 2016 financial year was EUR 13.71 million, which is EUR 854
thousand or 6.6% more than in the previous FY 2014/
2015.
In the reporting year, the Group continued to work at the research
and identification of customer-specific needs by developing and
improving the offer of niche products. Additional revenue was drawn
from the development of specific customer required functionality of
JSC “SAF Tehnika” products. Throughout the world there remains an
increased demand for radio systems that provide enhanced data
transmission rate and can be enhanced and updated in order to
improve data usage. This tendency increasingly determines the
direction of new product development both for JSC “SAF Tehnika” and
across the markets.
Exports made 99.14% of the turnover and amounted to EUR 13.6
million. During the reporting year the Group exported its products
to 76 countries worldwide.
At the end of the year the Group’s net cash funds balance was EUR
5.91 million. The Group’s net cash flow was EUR 1 591 thousand for
the period of 12 months of the reporting
year.
During the reporting year, the Group invested EUR 456 thousand into
IT infrastructure, production and research equipment, purchase of
software and licenses, as well as product certification.
The Group's financial result for the reporting year 2015/2016 was
a profit of EUR 926 thousand.
The Parent company’s financial result for FY 2015/2016 was a profit
889 thousand EUR. The Board of the Company suggests that dividends in the amount of EUR 1 million be distributed to shareholders.
Attachments:
Additional information: www.saftehnika.com |
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