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AS VEF Radiotehnika RRR

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AS VEF Radiotehnika RRR Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017

May 31, 2017 at 12:57 pm

AS VEF Radiotehnika RRR reported unaudited earnings results for the first quarter ended March 31, 2017. For the year, the company reported net sales of EUR 279,094. Profit before taxes was EUR 1,416,655. Profit for the period was EUR 1,416,655 or EUR 0.556 per share. Net cash from operating activities was EUR 8,062.

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Company Profile

VEF RADIOTEHNIKA RRR AS (VEF Radiotehnika RRR JSC) is a Latvia-based company involved in the manufacture of audio engineering equipment. The Company has three main business lines: acoustic systems, electronic nodes and printed circuit boards. It has a technological cycle, which involves manual and mechanized metalworking, woodworking, plastic processing, and assembly of electronic nodes. Its activities include the manufacture of acoustic systems, manufacture of acoustic systems for the home picture theatre, manufacture of built-in speakers, manufacture of wood, metal cases for acoustic systems; manufacture of surface assembly printed circuit boards, assembly of electro-mechanical nodes and units, manufacture of metal products, metal sales, production of metal constructions, and real estate business. The Company operates in the domestic market, as well as exports it production to Baltic States, Finland, Germany, the Russian Federation, Italy and other European countries.

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