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AS VEF Radiotehnika RRR

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AS VEF Radiotehnika RRR Reports Unaudited Earnings Results for the First Three Months Ended March 31, 2018

May 31, 2018 at 03:35 pm

AS VEF Radiotehnika RRR reported unaudited earnings results for the first three months ended March 31, 2018. For the period, the company reported net sales of EUR 99,447 compared to EUR 788,941 a year ago. Profit before taxes was EUR 984 compared to EUR 1,224,950 a year ago. Current year's profit was EUR 984 compared to EUR 1,224,950 or EUR 0.481 per share a year ago. Net cash flow from operating activity was EUR 8,857 compared to net cash flow used in operating activity of EUR 68,594 a year ago.

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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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