|Emitents||SAF Tehnika, AS (48510000F6NVA4T63P67)|
|Versijas komentārs||Corrected version published on 2014-11-06 09:25.|
The “SAF Tehnika” Jsc. non-audited consolidated net sales for the first quarter of financial year 2014/15 were 3.2 million EUR, decreasing by 6.3% or 0.2 million EUR compared to the first quarter of the previous financial year and being by 7.6% less than sales in the previous quarter – Q4 of FY 2013/2014.
The consolidated non-audited net profit for the first quarter of 2014/15 financial year was 285 thousand EUR, being by 155 thousand EUR more than for the quarter year before. The result was positively impacted by favorable EUR/ USD exchange rate.
The net cash flow for the 3 month period of the financial year was positive – 1.44 million EUR.
“SAF Tehnika” Jsc. will continue development of new, excellent quality microwave data transmission equipment by offering not only standardized products for general market, but by providing modifications according to specific customer requirements and looking for innovative ideas for application of microwave data transmission competence. Low latency solutions, data transmission in specific climate conditions, spectrum analyzer Spectrum Compact, and newly announced spectrum generator are examples of latest innovations. The Group is financially stable. The goal is to regain sales levels which ensures positive net result in a long-term. Due to intense competitive pressure the Board of the SAF Tehnika cannot provide certain prognosis for sales figures and operational results despite positive results of the reporting quarter.
Public Relations Specialist