The main activities of AS “VEF Radiotehnika RRR” in 2018 were:                                                                                               

1.   Real estate renting services;                                    

2.    Manufacturing of  acoustic systems; purchase and sale of their enclosures.                                                          

When compared with the previous reporting period, no new main activities have been included.

 In the future ,it is planned to restore acoustic systems development, organization of production and sales.

Operations of the Company during the reporting year

Reporting year results of the Company are the following:                                                                                                                             

      Result before extraordinary items and taxes:                        118 916  EUR                         

      Net result:                                                                              118 916 EUR                                                                

In 2018, the Company delivered its products  and services for its customers abroad, incl. Hungary, Italy, Russia, Estonia , the respective markets development activities are implemented by our highly-skilled sales and distribution specialists.

Thus, the management of the Company considers that it is appropriate to design its Financial Statement for 2018 on an ongoing concern basis.