Teksts
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SAF Tehnika's non-audited net sales for the third quarter of
financial year 2010/11 were 2.77 million LVL (3.94 million EUR)
reaching the same sales result compared with the third quarter of
the previous financial year.
The company’s non-audited net sales for 9 months of the financial
year 2010/11 were 8.90 million LVL (12.66 million EUR) representing
a year-on-year increase of 37%. Sales in the Asia Pacific, Middle
East and Africa represented the largest part - 40% of 9 months
revenues although it was by 354 thousand LVL (504 thousand EUR) or
9% less than in 9 months of previous financial year. The sales
decrease in the Asia Pacific, Middle East and Africa was
compensated by results in other regions - sales increased by 125%
or 1.8 million LVL (2.6 million EUR) in CIS and Europe region and a
86% increase was recorded in the Americas amounting an increase by
945 thousand LVL (1.35 million EUR).
The net profit of SAF Tehnika for the third quarter of financial
year 2010/11 was 318 thousand LVL (452 thousand EUR) being by 48%
less compared with the third quarter of the previous financial
year, but by 8% more than the previous reporting quarter of this
financial year.
The net profit of SAF Tehnika for the 9 months of financial year
2010/11 was 888 thousand LVL (1.26 million EUR) which is by 366% or
645 thousand LVL (918 thousand EUR) better than the result for
the 9 months of financial year 2009/10.
The beginning of 2011 showed that the majority of microwave vendors
are shifting towards a full outdoor solution to meet the growing
demand for total network cost reduction. In this situation, the
Company benefits as the one of the pioneers, due to the accumulated
know-how and vast experience with full outdoor radio technology.
General economic recovery as well as consolidation of
telecommunication equipment vendors are providing new opportunities
for SAF Tehnika as independent and stable market player, shown by
increasing growth of sales this year. To allocate the required
resources to maintaining successful development, SAF will move from
the regional approach towards country based operations. Joint
venture foundation in Saudi Arabia is supposed to be followed by
another foundation in other countries in the next quarters. SAF has
also an opportunity to enter new customer segments with our latest
products such as CFIP Marathon and SAF FreeMile, thus enhancing SAF
brand awareness as well as increasing the Company’s
competitiveness.
Additional information:
Aira Loite
CFO
+37167046833
Mailto: Aira Loite
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