AS VEF Radiotehnika RRR reported audited earnings results for the year ended December 31, 2016. For the year, the company reported net sales of €979,652 compared to €804,360 a year ago. Loss before taxes was €1,004,681 compared to profit before taxes of €165,573 a year ago. Loss for the year was €1,004,681 or €0.394 per share compared to profit for the year of €43,068 or €0.017 per basic share a year ago. Net cash flow used in operating activities was €628,761 compared to €342,522 a year ago.