Emitents | SAF Tehnika, AS (48510000F6NVA4T63P67) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2015-10-30 16:16:42 |
Versijas komentārs | |
Teksts |
Net
turnover of the “SAF Tehnika” Group in the 2014/2015 financial year
was EUR 12.85 million, which is EUR 827 thousand or 6.9% more than
in the previous FY 2013/2014. The Group's financial result for the
reporting year 2014/2015 was a profit of EUR 1 279 thousand, which
is greater by 1.15 million EUR as compared to the Group’s result
for 12 months in the previous FY 2013/2014 (127 thousand
euros).
“SAF
Tehnika” publishes its audited consolidated and non-consolidated
financial statements for financial year 2014/2015 (from July 1,
2014 - June 30, 2015) according to Section 56th, 5th paragraph
of „Law on the Financial Instruments Market”
Net turnover of the “SAF Tehnika” Group which consists of SAF
Tehnika AS (hereinafter – the Parent) operating from Riga,
Latvia, a wholly owned subsidiaries “SAF North America LLC” and
“SAF Services LLC”, in the 2014/2015 financial year was EUR
12.85 million, which is EUR 827 thousand or 6.9% more than in the
previous financial year 2013/ 2014.
During the reporting year the Group worked on assessing and
identifying the needs of specific customers by developing a niche
product offering. Additional revenue was drawn from the development
of specific customer required functionality for SAF Tehnika
products and from technical consultations provided for network
planning and construction. There is a clearly growing demand for
radio systems, which ensure increased speed of data transmission
and which can be developed or renewed in order to increase their
data transmission capacity. Such demand trends increasingly
determine the direction of development both for SAF Tehnika and the
market in general.
During the reporting year SAF Tehnika purchased the remaining 50%
shares of SAF Services, thus becoming the sole owner of SAF
Services. In the future the Group plans on using SAF Services to
market other new products of SAF Tehnika in the North American
market.
Export accounts for 97.26% of the turnover and constituted EUR 12.5
million. In the reporting period the Group's products were
exported to 89 countries worldwide.
The Group’s net cash flow as at the year-end amounted to EUR 4.32
million. The Group has reserved part of the free cash funds in the
amount of EUR 1.89 million for short-term investments. The Group's
net cash flows for the 12 months of the financial year amounted to
EUR 238 thousand.
During the reporting year the Group invested EUR 445 thousand to
purchase IT infrastructure, production and development equipment,
software and licences, as well as to certify
products.
The Group's financial result for the reporting year 2014/2015 was
a profit
of
EUR 1 279 thousand.
The Parent company’s financial result for 2014/2015 was a profit 1
223 thousand EUR.
The Board of the Company suggests that dividends in the amount of
EUR 1 million be distributed to shareholders, and EUR 223 thousand
be retained undistributed.
Attachments:
Audited consolidated Financial statements for “SAF
Tehnika” for year ended 30 June 2015
Audited non - consolidated Financial statements for “SAF
Tehnika” for year ended 30 June 2015
Corporate Governance report for financial year
2014/2015
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Pielikumi |