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Audited statements and Corporate Governance report of „SAF Tehnika” for financial year 2015/ 2016
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:

  • Audited Consolidated financial statements and Separate financial statements for JSC “SAF Tehnika” for the year ended 30 June 2016
  • Corporate Governance report for financial year 2015/2016

 

Additional information:
Zane Jozepa
CFO, Member of the Board
+371 67 046 833
Zane.Jozepa@saftehnika.com

www.saftehnika.com 

Pielikumi
SAF Tehnika 2015 2016_ENG.PDF (1534.12 kB)
SAF_Corp_Gov_2015_2016 English.pdf (516.06 kB)