Emitents | SAF Tehnika, AS (48510000F6NVA4T63P67) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2017-02-08 09:34:40 |
Versijas komentārs | |
Teksts |
For Q2 of the FY 2016/2017, the Group's unaudited consolidated net turnover was 4.43 million euros, which is by 25%, or 0.89 million euros more than in Q2 of the FY 2015/2016, and by 13% more than in Q1 this year. The Group closed Q2 with the profit of 425 thousand euros (unaudited), which is by 112 thousand euros more comparing to revenues generated in Q2 of the previous financial year. The unaudited consolidated result for 6 months of the FY 2016/2017 is the profit of 826 thousand euros, which is by 221 thousand euros more, comparing to the Group's result of 6 months of the previous FY 2015/2016 (the profit of 605 thousand euros).
More than half of the
quarterly turnover (51% or EUR 2.2 million) was made by sales in
the European and CIS region. It was related to the development of
data transmission solutions and products tailored to specific
customer needs. This region’s result is by EUR 1.3 million greater
than in Q2 last year and is two times higher than the results of
the preceding quarter. Despite the slight
decline in Q2, the revenues in North/Latin Americas during the
6-month period exceeded 50% of the total Group’s turnover and
amounted to EUR 4.07 million, thus demonstrating a 12% increase
against the results of the first half of the previous financial
year. The Group’s products
were sold in 51 countries during the reporting
quarter. The Group’s unaudited
consolidated turnover for the 6-month period of the FY 2016/2017
was EUR 8.2 million, which is a 17% increase compared to the last
fiscal year’s revenues in the same period. During the 6-month
period of the financial year, the Group had a negative net cash
flow equaling to EUR 490 thousand. In December 2016, dividends were
paid in the amount of EUR 0.34 (thirty-four cents) per share, or a
total of EUR 1.009 million. As of the end of the reporting period,
the net cash balance of the Group was EUR 5.4
million 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. 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. Although the result of the reporting period is positive, the Board of SAF Tehnika 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 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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